credit card debt

david37robinson · #1 Feb 8, 2008, 08:36 PM

will paying off the balance of your credit card increase your beacon score more or paying the monthly bill on time?

Cheshire2008 · Feb 8, 2008, 08:46 PM

The total use of your credit is what they look for so you must keep what you owe below
20% of your total credit line example Your credit line is 500 dollars only use 100 dollars.
make consistant monthly payment and do not apply for new credit cards it dings your credit and lower your score.



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