comments to First time credit card user, how to build good credit?
bdancer222 April 14th, 2010 at 10:52 am Yea, there are a lot of people who think you need to carry a balance to get a good credit rating. But they are WRONG. Credit cards do not report exactly how much you pay. They just report that you pay on time or not. Pay the credit card off in full every month. Most important is to always pay on time. No sense paying interest. Jane April 14th, 2010 at 11:25 am hmm, i never did that, always paid off everything on time. my credit score is very good. SPIFIMAN1 April 14th, 2010 at 11:27 am As far as score building, it makes no difference. I would use it for everyday things never exceed 30% of your credit limit in any given month and pay in full before the due date. I have done this for the last two years with two cards and raised my score over 150-points. Blueyez April 14th, 2010 at 12:18 pm Leave a balance of some sort on your card, not a huge balance, but something. Yes, credit cards just post whether you paid or not but its if its on time or not.
comments to First time credit card user, how to build good credit?