Actually, that is incorrect. Maintaining balances with 1-9% total util. is the best way to go for better scores. Having a $0 balance report to the CRAs each month does not show that you can manage credit.
topbananaboy wrote:Go to Bankrate.comRemember... activity and pay in full at the end of the month is the better option to a balace.
Good question. Like everyone else on here, I have a goal. Mine is more so for self-satisfaction than anything else. If I would ever need something, I want to know that my scores are good enough to get it...i.e, central air unit breaks...can I get a new one? If there is not enough savings, the answer is no. My scores aren't really that good, though much better than years past. Watching them climb is an awesome feeling. BTW, I don't have a few good CC's. I have a Target card which I only recently acquired....I NEED MORE!!!! LOL.
topbananaboy wrote:Go to Bankrate.comSearch for low or o% interest and apply...Remember... activity and pay in full at the end of the month is the better option to a balace.My question is if you have a home and a few good credit cards... Why do you worry about the score?The lender will only lend you what you are able to pay... (income to debt ratio)Not good to have many credit cards and not be able to use them...