Quote:
Originally posted by iccky
So that means if I ran up a big balance on my card several years ago and everyother month had a low balance my credit rating gets shot?
|
No, only if you currently have a big balance or had one in the very recent past.
I nearly maxed out a card and then paid it off within 3 months. After doing that I'm pretty sure it boosted my score considerably, because I started getting completely bombarded with CC offers.