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Topic	Great Freakonomics episodes on the basics of personal finance and investing
Bolle_Henk_ 09/06/17 4:14:14 PM #45:	halomonkey1_3_5 posted... That_Happened posted... I was told that if you want to raise your credit score you shouldn't pay it in full, but rather keep a balance on the card and pay it regularly. Is this true? the key is to keep some balance on your monthly statements, so you have a history of paying your bills IIRC and it shouldn't matter if its a long-standing balance or a new one every month as long as you have a meaningful monthly balance that has to be paid(and you do indeed pay some portion of that balance) That_Happened posted... The Admiral posted... 2. Pay your credit card balance in full every month. I was told that if you want to raise your credit score you shouldn't pay it in full, but rather keep a balance on the card and pay it regularly. Is this true? Why have a credit card at all? Can't you just use a debit card? --- Don't listen to Ondore's lies. I'm Bash von Rosenberg ... and so's my wife! http://s29.postimg.org/cx4yin7tz/8vwnv.gif <cite>Bolle_Henk_ posted [p:886139533] in Great Frea... [t:75745168]...</cite> <quote><cite>halomonkey1_3_5 posted...</cite> <quote><cite>That_Happened posted...</cite> <quote>I was told that if you want to raise your credit score you shouldn't pay it in full, but rather keep a balance on the card and pay it regularly. Is this true? </quote> the key is to keep some balance on your monthly statements, so you have a history of paying your bills IIRC and it shouldn't matter if its a long-standing balance or a new one every month as long as you have a meaningful monthly balance that has to be paid(and you do indeed pay some portion of that balance)</quote> <cite>That_Happened posted...</cite> <quote><cite>The Admiral posted...</cite> <quote>2. Pay your credit card balance in full every month. </quote> I was told that if you want to raise your credit score you shouldn't pay it in full, but rather keep a balance on the card and pay it regularly. Is this true?</quote> Why have a credit card at all? Can't you just use a debit card? --- Don't listen to Ondore's lies. I'm Bash von Rosenberg ... and so's my wife! http://s29.postimg.org/cx4yin7tz/8vwnv.gif</quote> ... Copied to Clipboard!
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