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re: Paying off a credit card too soon?

Posted on 2/26/14 at 7:46 am to
Posted by Dead Mike
Cell Block 4
Member since Mar 2010
3390 posts
Posted on 2/26/14 at 7:46 am to
It is a myth that carrying a balance and paying interest will benefit your credit score. All that will be reported to the credit bureau is your statement balance in this respect, meaning that you can pay everything off before the due date and still show reasonable credit utilization.
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