Hello,
I have found that some say use your secured card at under 30% and pay the full balance every month. Others say they use the card all through the month and quickly pay it off before your statement comes out.
What’s the best usage to get the most increase in credit score. All help appreciated.
I have found that some say use your secured card at under 30% and pay the full balance every month. Others say they use the card all through the month and quickly pay it off before your statement comes out.
What’s the best usage to get the most increase in credit score. All help appreciated.
@Rebuild2019 wrote:
Hello,
I have found that some say use your secured card at under 30% and pay the full balance every month. Others say they use the card all through the month and quickly pay it off before your statement comes out.
What’s the best usage to get the most increase in credit score. All help appreciated.
Fico scores are based on whats reported to the CRAs, in a rebuild you only want one revolver reporting no more than 9% of its CL to the CRAs. As far as using it during the month, taking it to the limit and paying it off so it doesnt report as such isnt a problem.
Thank you. That answers my question.