- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: If one went from always paying in full on their monthly CC bill to paying the
Posted on 10/6/17 at 6:48 pm to cypressbrake3
Posted on 10/6/17 at 6:48 pm to cypressbrake3
If you carry a high balance in relation to the total credit limit, yes you will hurt your score.
Paying the minimum doesn't in itself lower your score. As long as you pay on time.
If you have a $10,000 limit, but carry a $500 balance and pay the minimum $25 payment, you will be fine.
but if you have a $10,000 limit, and charge $3000 per month and pay the minimum, you will hurt your score.
Just depends on how much you carry.
Paying the minimum doesn't in itself lower your score. As long as you pay on time.
If you have a $10,000 limit, but carry a $500 balance and pay the minimum $25 payment, you will be fine.
but if you have a $10,000 limit, and charge $3000 per month and pay the minimum, you will hurt your score.
Just depends on how much you carry.
1
Posted on 10/6/17 at 6:52 pm to Taffeta
Thanks, I have 3k outstanding against total credit limit of 22k. My credit scores have run in high 700s and lower 800s for some time.
This post was edited on 10/6/17 at 6:54 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News