Credit Card Balance and Scores?

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  • Credit Card Balance and Scores?


Answer #1 | 19/12 2013 13:25
Sounds like you did and your trying to perpetuate it ! Your a nation of scammers as is most of the rest of the world ! Best and worst example is marlboro cigarettes hiring a non smoking actor to be their advertising cowboy ! "better start smoking" they tell him , he does and dies of lung cancer !
Answer #2 | 19/12 2013 13:34
This is all BS. If you rack up a CC and then pay it off every money your not improving your credit score. If you want to improve a credit score keep it between 10-15% of the total credit limit, however then your paying finance and apr charges, so your really paying for a credit score. Either way credit scores are a lose lose for all Americans. Stay in debt, and work on paying it for 30 years you get a great credit score, pay everything in cash which is smart and you get a horrible credit score, cool huh?
Answer #3 | 19/12 2013 15:51
Bankers often tell people that they need to carry at least a small balance to build credit and to show they can make payments over time and even that paying interest shows something... Some of the worst credit info I've seen has been spouted by "bankers". Then of course there are the many "credit expert" sites where all the idiots misquote and misinterpret facts.
Answer #4 | 19/12 2013 20:15
Maybe the credit card companies started it on purpose so that they would make more money. Funny though, they don't seem that smart...
Answer #5 | 20/12 2013 00:26
It is probably a rumor proliferated by those/that which would benefit.

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