Can you build credit by carrying a small balance on your credit card?

Posted On: May 4, 2005

Post subject: Can you build credit by carrying a small balance on your credit card?

Guest

Posted: Sat May 17, 2003 9:51 pm

Is there any difference between paying my credit card off every month vs leaving a small amount to cary over in terms of good or bad credit? If there is, what’s the difference?

Eugene
SENIOR MEMBER (Member for 2 yrs.+)

Post subject: Can you build credit by carrying a small balance on your credit card?
Posted: Sun May 18, 2003 10:29 pm

No. You do not build credit faster or better if you carry a balance, than if you pay in full every month. Carrying a balance is very expensive, it’s a bad practice that generally should be avoided whenever possible.