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    david37robinson's Avatar
    david37robinson Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 8, 2008, 09:36 PM
    Credit card debt
    Will paying off the balance of your credit card increase your beacon score more or paying the monthly bill on time?
    Cheshire2008's Avatar
    Cheshire2008 Posts: 74, Reputation: 17
    Junior Member
    		  
    #2

    Feb 8, 2008, 09:46 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 consistent monthly payment and do not apply for new credit cards it dings your credit and lower your score.
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