Should You Carry Credit Card Balances? – Credit Tip #1
Should You Carry Credit Card Balances? When does your credit card carrying balance begin to affect you adversely? If you are interested in improving your credit score, consider slimming down your balance on each of your credit cards. You do not want to max out your cards, as this will cause your credit to plummet. After all, a quarter of your credit score comes from your credit card utilization. The best practice is to keep the balance on your card lower than your amount of credit. Dropping your balance is one of the easiest and quickest ways to perform credit repair on your personal credit score. For additional information feel free to contact our office at 617-265-7900 or schedule a free consultation below.