Hi,
I've read and watched countless articles and videos and for me it still doesn't make any sense, because everyone seem to contradict themselves.
I have heard 2 different things. Let's say you have $500 of credit available to you. If you use between 0 and 9% of that credit every month (so, let's say 50 bucks) this is considered excellent and your credit score will go up. So during December I buy a book for 20 bucks and nothing else, in January on the due date I pay it off and I'm good because I only used 4% of the credit available.
Now, let's say I use more than 9% (so let's say I buy a PS4 in December for 300 bucks), I would have used 60% of the credit. If I pay that of before the BALANCE CYCLE is over, it would mean by credit utilization would have been of 0% for the month of December, and thus my credit score will improve. Is that correct? Because from all the YouTubers and articles I've read very very few said that, making it seems like your ONLY option is to use $50 if your credit limit is $500, which would be absolutely stupid.
Submitted November 30, 2019 at 06:34PM by toSaturnAndBeyond https://ift.tt/2DBaVKA
