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






