Whats a good balance to have on a credit card? - whats a makapod
I have a limit of $ 1400 on my credit card, but I wonder what a good description of it to keep the whole time? Where should always pay $ 100 per month, or zero?
Saturday, February 6, 2010
Whats A Makapod Whats A Good Balance To Have On A Credit Card?
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5 comments:
There is absolutely no advantage to carry a balance. It costs only have interests. Use the card every month and pay in ful. If you build a good payment history and the improvement of your credit card.
The best thing is to pay to zero every month. This approach builds good payment history, and also helps your use of the loan.
If you absolutely can not continue, try to keep your balance well below the limit of 30% credit. In his case it would be $ 420.
If you are a regular, monthly, that's great. While maintaining a balance of less than thirty-five percent (about $ 400) you can improve your credit score. Keep doing what you're doing.
In addition, 30 percent of the usual limits, but it is better to solve your credit card debt before interest rates fell in the back.
It is better to pay the full amount, so that the interest is not a kick in the you know what ...
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