Regular Contributor
shadow2k
Posts: 108
Registered: ‎01-04-2008
Re: Can Somebody Nice Explain "Don't Carry a Balance?"

webhopper wrote:

My point being that its absolutely not the end of the world if a balance reports... but it is bad to "carry a balance"

Carrying small balances on almost all my cards compared to just one of my cards is a 30pt difference for me.  770 EX FICO vs 800 EX FICO.  But the things that I do with my credit affects my scores more because I don't have many things that are lowering them.  So every little thing hurts me more than it would hurt someone with lower scores.

 

But to be honest, I let small balances report all the time.  I only focus on my score at certain times during the year, like mini app sprees and insurance renewal time.