Quote:
Originally Posted by ChiefGator
That is interesting.. I would have thought paying them off in full each month would have hurt your credit score.
Did you cards raise your limits, by the way?
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Absolutely not!
What hurts a credit score is utilizing more than 70-80% of your available credit each month. People think charging to the limit and paying off is best and it is NOT. Charge about 60% on various cards and pay off each month and your credit score will skyrocket.
Maxing out your credit limit on cards or home equity is NOT good.