Thread: Credit score
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Old 10-25-2006, 10:42 AM
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Default Re: Credit score

Quote:
Originally Posted by Diolla
I am not trying to be flippant but isn't the best 0%? Then you don't have to pay all those finance charges. Running a balance doesn't help you score so why not just pay them off as soon as you can and then don't charge more than you can pay off each month.
Even if you pay off your card in full each month, the utilization ratio still matters. My credit card never has a $0 balance, because I use it regularly. So even though I always pay my bill in full, my credit report always shows a balance and my credit score would reflect that.
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