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Money and Finances
Reply to "A few questions about credit cards"
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[quote=Anonymous][quote=Anonymous]OP here. So, 9:13, what you're saying is that doing the smart thing - paying off you're balance every month - can come back and bite you? How does that even make sense? Is it because lenders want people that will have to pay interest?[/quote] Not 913, but yeah, sort of. In industry parlance, people who pay off their ccs every month are known, ironically, as "deadbeats." Because even though the cc gets a swipe fee for every transaction, they're not really earning anything off the consumer. That doesn't affect your credit score, mind you. But, yeah, some creditors don't like it.[/quote]
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