25 May, 2009
Myth 4: You Have to Pay Interest to Have a Good Credit Score
Posted by: Steve In: Credit Card Myths
You don’t need to carry a balance on your credit cards and pay interest to have a good score. As you’ve read several times already, your credit reports-and thus the FICO formula-make no distinction between balances you carry month to month and balances that you payoff. Smart consumers don’t carry credit card balances for any [...]
Tags: credit card myth, credit scor