@kevinjjc wrote:
Making minimum payments will keep your account positive, but don't expect any CLI's, and you might get balance chased.
+1, seems like Lenders get nervous if you have a large balance and are only making the min payment for months. thats when they like to start balance chasing, which will probably kill your util.
Yes, as long as you pay the minimum you'll be fine on your payment history. Paying on time is a HUGE facor on your FICO score. You will still want to pay down your balance to better your score as well. Good luck!
my best buy store card is my oldest card at 2 years and a month. ive held balances for more then 50% of th credit line on 0% interest. there has been span's of when i only made minumum payments. 4/5 months at a time.
working for 8/9 dollars an hour and buying game systems/ games/ and tvs. is part of my younger teenager self. (not the case anymore)
i was never EVER late. no i didnt pay in full but i did pay at least the minumum if not more.
my reports have no negatives.
all paid as agreed. with ok in every little box .
edit: forgot to mention that my cl was 2k when i opened the card and now is at 2.5k. i recently held a 2k balance with making only min payments for 4/5 months since there was no interest and i wasnt planning on buying anything or apping for anything.
as soon as i decided it was time for a new car, i called them and authorized them to pay my account in full through my checking account (this was 2300 dollars out of 2.5k) and i have not seen a decrease or a line closure.
but as stated my reports have no negatives what so ever so every case is ymmv as always.
