For some reason the advice of "make sure to keep a balance on your credit card to pay interest every month, or it won't build your credit" comes up a lot more frequently than I'd expect.
I'm pretty sure just having a credit card builds your credit if you use it at least enough so it doesn't get closed. Please do your best not to carry a balance.
Am I wrong about this? I tried researching it and there's no indication that interest paid is a factor at all. Even if it was that's the whole point of boosting credit: paying lower interest. Having to pay for that would be silly.
Submitted July 15, 2017 at 12:44PM by sneekee_snek http://ift.tt/2tWrLOM
