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Originally Posted by smooth
You can build a postive credit rating very quickly by making all of your everyday purchases on the card. I never carry balances from one month to the next.
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Alot of things that I have read say that paying off your balance every month can actually hurt your credit score. It seems counterintuitive, but I think lending agencies actually want to see some amount of debt on your record. Of course, if you have excellent credit already, carry on. If everyone paid off their entire balance every month, no one would wind up in the severe credit problem that the majority of Americans find themselves in.