Better to Pay Off or Leave Balance?
04-10-2007 10:26 AM
I was reading up on here and I keep seeing people mention 30% of credit available. I was about to pay all my cards off in full. None are overdue. Should I bring all my cards down to a zero balance or would it help my score more by bringing them down to a percentage of the available limit?
Also is the percentage of the available limit per CARD or is it TOTAL? For example 30% would be $150 balance on a $500 limit card or $300 total, spread unevenly between three cards with different credit limits?