Quote:
Originally Posted by death_blossom
Care to share? I had someone tell me once that it is best for your credit to pay off your credit card bill completely every month. He implied that carrying a balance on your credit card has negative effects on credit score.
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Take it for what it's worth but I am bad when it comes to paying my credit card bill. For a while when I was in between jobs, I lived off of my credit card. I was always paying off the minimum and quite often I was a few days late because I would forget. Well, I still managed to get to get a mortgage from the bank, twice.
It won't kill your credit rating but if you have the money to pay off the credit card, why wouldn't since most bank credit cards are going to be 18% or higher interest.