Quote:
Originally Posted by directfiesta
All cards are reported to the Credit Bureau , including closed account by client or Bank ( with a note to that effect ) .
They track the highest balance , credit limit and actual balance .
I do not get leaving a balance generating 23% or more of interest ... Pay them in full .....
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Part of your credit score is having a balance of, around 10% utilization, that you pay off every month to show that you're using the card and you're paying it on time it builds up your credit worthiness.
If you have a card and you're not using it then you're not showing A-Reliable payment history because you're not making payments.
Credit scores: Is 1 percent utilization better than 10 percent or zero?