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Loan officer says to keep a small balance on my credit cards to raise my score.

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Anonymous
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Re: Loan officer says to keep a small balance on my credit cards to raise my score.

Tons of great responses here, I have nothing to add except my version of TL;DR:

 

Your loan officer is partially right - their advice would have been pretty solid if they had told you to carry a small balance on one card, rather than all cards.  Preferably that balance would be between 1% and 9% of that card's credit limit.

 

Good Luck!

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