?'s about credit

[ShooterMcGavin]

I also have heard its good to leave a little balance on your credit card.. From what I understand its open credit that you owe (with at least paying your minimum payment due) revolving on your credit that helps your score.. might be wrong but the way that I understand it is you need to technically owe something but not be past due.. So say you have a credit card that has a $200 limit.. you can rack that up.. and when you get your bill and minimum payment due is $15 on a $200 balance, I would pay $190 and leave that $10 on there to revolve to the next cycle. And open balance is what I think helps your credit, if your balances are always $0 then there is nothing to revolve to the next cycle.. I mean I could be wrong, but I think there is a lot of theories when it comes to keeping good credit, lol

i have a wamu card i keep just so i can check my FICO credit score at any time i choose to, this info here comes straight from Transunion (one of the three big credit reporting companies) about what positively and negatively affects credit:

The FICO score is calculated based on the information contained in your TransUnion credit history. While knowing your actual score is a good start, understanding the key factors affecting your FICO score is much more important. These factors will provide you direction on how you can increase or maintain your FICO score over time.

Positive Factors
Here are the top factors that reflect your good credit behavior (they are listed in priority of impact on your score):


There is no evidence of you having seriously late payment behavior being reported on your credit accounts
You have a low proportion of balances to credit limits on your revolving/charge accounts


Negative Factors
Here are the top factors where you have the most opportunity to take action that will increase your FICO score over time (they are listed in priority of impact on your score):


You have too many bankcard charge accounts
You have missed payments reported on your credit accounts

[hemi]

You have a low proportion of balances to credit limits on your revolving/charge accounts