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10-30-2008 05:35 AM
11-10-2008 03:06 AM
in any economy you should pay in full each month because what happens to your score if you carry a balance then lose your job
if you have high financial commitments each month then suddenly no income then you are more at risk of damaging your score than if you owed them nothing
also if you are worried about spending the money to pay in full then the solution is simple and just pay off thecards and do not use them until the economy turns around and if there isa balance and they decide to lower your limit then it could put you into over limit fees and that will damage your score also
so it is best to not use them right now except the occasional bill payment and then pay in full immediately
11-10-2008 06:22 AM
11-10-2008 08:46 AM
is it helpfull to go online and pay every couple of weeks in full? I used to do that back before i got into a huge credit mess with all of my car loan and cc'd... Each tiem i get paid i woud always just pay off the card. than do it again 2 weeks later.. ect.
I agree with this practice, as it typically does me good to see my bank account deplete with my spending on my Amex charge card.