Maxing Out Those Credit Cards Hurts Your Credit Score, Even If You Pay The Balance
filed in Credit on Jun.10, 2010
Think that paying your credit card balance in full is good for your credit, even if you are using most of your credit limit every month? Think again! You don’t get extra points for paying in full, even though it’s an intelligent move. Your credit score is based on information in your credit report, and that credit report does not show that you have paid off the balance. What the report does show are monthly balances as reported by creditors.
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