LogFAQs > #886147726

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Topic	Great Freakonomics episodes on the basics of personal finance and investing
AngelsNAirwav3s 09/06/17 6:42:50 PM #49:	Bolle_Henk_ posted... 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? Plus you are throwing away free money by not collecting credit card points --- Hello world! <cite>AngelsNAirwav3s posted [p:886147726] in Great Frea... [t:75745168]...</cite> <quote><cite>Bolle_Henk_ posted...</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?</quote> Plus you are throwing away free money by not collecting credit card points --- Hello world!</quote> ... Copied to Clipboard!
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