Credit Scores

[bordelais7]

yeah, it can actually work against you if your balances are always too low, or if you have no recent history of having debt - - credit cards that are paid off each month aren't necessarily considered debt so you can have points deducted for lacking a debt history

No.

 

[bordelais7]

If you want the highest rate possible revolve around 20% of your limit and never miss a payment, you can still have a great/almost perfect score if you just pay it off in full.

Yes.

 

[franklin]

yeah, it can actually work against you if your balances are always too low, or if you have no recent history of having debt - - credit cards that are paid off each month aren't necessarily considered debt so you can have points deducted for lacking a debt history

I don't think it's the low balances as much as having a huge credit cushion. It's a risk when you don't have room to manage cash flow issues/emergencies with. They don't care if you only use 5% (max) of your combined revolvers.

 

[bordelais7]

I don't think it's the low balances as much as having a huge credit cushion. It's a risk when you don't have room to manage cash flow issues/emergencies with. They don't care if you only use 5% (max) of your combined revolvers.

They care about payment history and that includes (to an extent) the volume of the payment.
They also care about the ratio of unpaid debt to total available credit.

 

[franklin]

They care about payment history and that includes (to an extent) the volume of the payment.
They also care about the ratio of unpaid debt to total available credit.

I don't see how this is a rebuttal to what I wrote. What am I missing?