I usually never carry a balance on my credit cards I only have 2 with small limits and I always pay them back before they report to the cra's but the more ive read these forums I always see the mods telling ppl to carry a small balance between 1% to 9% on at least 1 card why is that is there something wrong with the way im handling my cc's?
Starting Score: 675EQ 698 TU
Nope, there's not a thing wrong with how you're doing it. I do the same thing.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
Excellent thanks shogun
That's the method to get a little bump on your score, so to speak. I personally don't like paying any interest, so I just keep mine at $0.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.