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re: outstanding balances

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New Contributor

re: outstanding balances

For scoring purposes, which is better; pay off the whole balance of the credit card monthly, or leave  a balance of five to ten dollars?  thanks for the info.
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Moderator Emeritus

Re: re: outstanding balances

Ideally, you want one-half to all but one to report $0 with the remaining reporting under 9% with at least $1 showing. Some have experienced a ding with $0 balances on all CCs.
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Established Contributor

Re: re: outstanding balances

Keep in mind that there is a difference between letting a balance report and carrying a balance. Letting a small balance report then paying in full means you are not charged any interest!

  

Message Edited by cobaltnv on 08-07-2009 03:24 PM
TU 810: EQ 813: EX 814 (9/16/09--Loan officer pull)

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