“Depending on the scoring model used, some experts recommend aiming to keep your credit utilization rate at 10% (or below) as a healthy goal to get the best credit score.”
But even if carrying a single digit CUR is the optimal way to maximize your credit score, paying off your cards is going to be the best advice for 99% of people.
And even Experian, the credit reporting agency says carrying a balance helps your score is a myth.
paying off your cards is going to be the best advice for 99% of people
No duh, this isn’t asking for financial advice though. This post was about what maximizes your credit score.
Two entirely different things.
Also, you linked to an ad for what experian wants to sell you. The credit agencies have proven time and time again they are the last source of information you want to use regarding how they generate credit scores, when they aren’t proving they can’t be trusted with your data and should be dissolved by government for their constant data breaches it’s almost impossible to opt out from while still participating in society.
“Carrying a credit card balance will not benefit your credit score, but enrolling in Experian Boost®ø has helped many people increase FICO® Scores based on their Experian credit reports, and a free credit score from Experian can help you track progress toward score improvement.”
-Your source. A sales pitch is never a valid source, unless it’s to prove someone tried to sell you something.
Your source does not seem very definitive.
But even if carrying a single digit CUR is the optimal way to maximize your credit score, paying off your cards is going to be the best advice for 99% of people.
And even Experian, the credit reporting agency says carrying a balance helps your score is a myth.
No duh, this isn’t asking for financial advice though. This post was about what maximizes your credit score.
Two entirely different things.
Also, you linked to an ad for what experian wants to sell you. The credit agencies have proven time and time again they are the last source of information you want to use regarding how they generate credit scores, when they aren’t proving they can’t be trusted with your data and should be dissolved by government for their constant data breaches it’s almost impossible to opt out from while still participating in society.
“Carrying a credit card balance will not benefit your credit score, but enrolling in Experian Boost®ø has helped many people increase FICO® Scores based on their Experian credit reports, and a free credit score from Experian can help you track progress toward score improvement.”
-Your source. A sales pitch is never a valid source, unless it’s to prove someone tried to sell you something.