Originally posted by Chili
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Credit gurus....payment question
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Originally posted by momo View Posttechnically if you are chasing max score, typically having between a 1%-10% credit card utilization is better than 0%.
To Danny's point, this really should be something taught to HS students. One challenge is that the credit agencies very closely guard their models and don't want people to know all of the ins and outs in great detail, so that hey don't manipulate them.
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Originally posted by Chili View PostToo much available revolving credit can actually take away from your score.. Like if you have 100k available on credit cards.
Maybe this could be an educational tool for all of us and I will post how it increases in a month!
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technically if you are chasing max score, typically having between a 1%-10% credit card utilization is better than 0%.
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If he doesn't need a better score asap he would be better off making payments, ultimately his score will be higher that way.
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Originally posted by zachary View Postall @ 0%, that is the only was we put anything on our CC' s
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Pay it off. The more available credit you have, the better your score will be.
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Originally posted by mustang1200 View PostI'm a high risk human being then.
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Originally posted by 46Tbird View PostIt's very annoying that this kind of information is not taught in public school.
This should be something that every American knows, seeing as credit score is now used as the basis for your value as a human being.
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It's very annoying that this kind of information is not taught in public school.
This should be something that every American knows, seeing as credit score is now used as the basis for your value as a human being.
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