@Anonymous wrote:
@toi34 wrote:
@Anonymous wrote:
@toi34 wrote:
@ longtimelurjer
Wrong again....
One cannot build credit and thus Fico points if Fico's algorithms assume you never use your credit. Do your research.OK, that's certainly within forum guidelines!
"Carry a balance" means pay less than the full amount by the due date, incurring interest unless you have a 0% APR. What you are referring to is letting a balance report, which can be done by paying by due date rather than before the statement cuts.
And even if all cards report 0 balance, each individual company will report the on time payments, your accounts age etc, and you "FICO points" Letting only one balance report is just a way of optimizing score, not at all necessary to get a good score.
Sorry
Again, you and the other poster don't know everything....I have CU cards that report on the same day as statement cuts; OP may have 0% interest for a certain timeframe. My point is you don't know and it's not for you or anyone else to judge. Stick to your own credit situation. OP specifically said not to add comments that suggest snarkiness. Get off your high horse and be cordial.
Irony at its finest!
I mentioned 0% APR. And reporting on same day as statement cuts is totally irrelevent. We are talking about paying before due date. You have made some strong statements that are actually wrong. I was correcting them. I am not being snarky to the OP, I was merely correcting your comments that you need to "carry a balance" to get a good credit score. I have not done that and my score is fine.
+1 Not sure what is soo hard about the concept that you do not need to carry balances.
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