How deep in debt are you!?

[Rider]

For those with little or no debt but you want to keep that 800 beacon score, you'll want to keep a small balance on a couple of cards. For example get a couple of 5.9% or 6.9% fixed rate cards with high limits, charge say 60$ on each card, when the bill comes pay $50 and keep a $10 balance, next month charge $50 and pay $50 when the bill comes. The amount of interest you pay to keep a $10 balance on each card is nothing but the the benefit to your credit score in invaluable. That is, if you ever need to use it. If you never plan on using credit and you don't care about your credit score then disregard.

[fasternyou929]

Originally Posted by Rider

For those with little or no debt but you want to keep that 800 beacon score, you'll want to keep a small balance on a couple of cards. For example get a couple of 5.9% or 6.9% fixed rate cards with high limits, charge say 60$ on each card, when the bill comes pay $50 and keep a $10 balance, next month charge $50 and pay $50 when the bill comes. The amount of interest you pay to keep a $10 balance on each card is nothing but the the benefit to your credit score in invaluable. That is, if you ever need to use it. If you never plan on using credit and you don't care about your credit score then disregard.

Here's a perfect example of when someone should keep their trap shut when they have no idea what the fuck they're talking about.

You don't need to pay interest to maintain a good credit score, just using your credit card and paying the bill every month will do the same for your credit score.

[shmike]

Originally Posted by fasternyou929

Here's a perfect example of when someone should keep their trap shut when they have no idea what the fuck they're talking about.

You don't need to pay interest to maintain a good credit score, just using your credit card and paying the bill every month will do the same for your credit score.

[LeeNetworX]

Originally Posted by fasternyou929

You don't need to pay interest to maintain a good credit score, just using your credit card and paying the bill every month will do the same for your credit score.

Yep. All that you need is your card provider to report a balance to the bureaus each month; you can pay it off each month and still see the benefit of a higher FICO score.

[Rider]

Originally Posted by fasternyou929

Here's a perfect example of when someone should keep their trap shut when they have no idea what the fuck they're talking about.

You don't need to pay interest to maintain a good credit score, just using your credit card and paying the bill every month will do the same for your credit score.

One of my close friends owns a very successful credit counseling and credit repair business, I'll take advice from an expert on how to get a better credit score over some know nothing fucktards on the internet. You do what you want.

[fasternyou929]

Originally Posted by Rider

One of my close friends owns a very successful credit counseling and credit repair business, I'll take advice from an expert on how to get a better credit score over some know nothing fucktards on the internet. You do what you want.

Your friend is wrong.

Offering people "advice" that carrying a balance on their credit card, no matter how small, is irresponsible. You do what you want, but don't sell that bullshit to others that may be unfortunate enough to believe you.