mycredit wealth,com
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If you max out your card and pay them on time your score will be low
your balance needs to be a maximum of 30% (of your limit) and paid on time to recive 100% positve feed back from credit cards.
If your cards are maxed out and you pay them ontime you will have bad credit in most cases.
I had a 540 credit score with no mortgage perfect auto and credit card payments and all cards maxed out
Paid off my credit card and score whent over 700. Keep your balances low. |
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Rahul G
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Payment over time is better |
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seekinganswers36
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Paying over time. Keeping a small balance, at least less than 1/3 of your limit. Then pay them off within a 3 to 6 mo period. |
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Helena
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Keeping you credit cards off at less than a 50% balance shows that you can maintain and handle credit. It is better for you to pay them off so that you don't have to pay interest. |
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edrambo51
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Paying over time and keeping payments on time. |
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Vanguard
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About the same as long as you are never late, I personally usually pay the full amount and mail it the next day after I get the bill. When I do occasionally make payments I send them the next day after bill arrives. |
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tigh stugots
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As long as your balance is under 20% and your payments are on time you will get the results your looking for.
If you don't use your cards and pay them off the card company could cancel your cards.
So keep the under 20% and pay the full balance each month for best results. |
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Chad B
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pay them off in full every month if you can afford it. You don't want to pay interest.
I started using a new credit card at 0% and have only been paying the minimum since it's 0%. my credit score went down maybe 20 points. you don't want to use all your credit limit. pay a much as you can, unless you are doing like me and keeping the money in savings instead until the rate goes above 0%. |
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Nave
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Either will not reflect poorly on a credit report. What DOES reflect poorly on a credit report is not making your payments on time. |
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jonnyb0386
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its better on ur credit report to pay them off over time aslong as ur not right on the edge of credit limit, keeping the amount on the card at a reasonale level and paying it over time would work best |
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Lynette Tan
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paying them off.
but it doesn't work as a one-off thing.
a credit report is a history of your payments, not a snapshot of where you are in the present. |
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Lea Anit
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AT NO TIME IS KEEPING A BALANCE ON A CREDIT CARD GOOD FOR YOUR CREDIT!
The "over time" theory only applies to having the account for an extended period of time.
One of the largest factors (right behind timely payments) in calculating your credti score is your debt ratio.
Anyonen telling you to keep a balance on a card when it could be prevented prabaly works for a credit card company. |
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speedy_horn_zalis
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over time |
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