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TopicGreat Freakonomics episodes on the basics of personal finance and investing
halomonkey1_3_5
09/06/17 11:09:20 AM
#40:


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)

I might be wrong tho, this is just what I recall someone telling me when I was younger
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