Re: Can Somebody Nice Explain "Don't Carry a Balance?"
10-13-2012 10:44 PM
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.