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Reply to "What's the most credit card debt that you've ever had at one point in your life?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I pay off credit cards twice a month. I pay what I have spent to date, not what is billed to me. That way I always know exactly where I am financially. I am also about a billing cycle ahead, in case I need that buffer.[/quote] Does doing this affect your credit rating? Or is it really not any better than simply fully paying your cards off (once) every month? [/quote] Not PP, but yes, it does affect your credit rating for the better. Credit utilization is a component of your credit score. Credit agencies report utilization at the end of the cycle. So if you max your cards and don't pay it off until it's due--your score will be lower than if you make pre-payments like the PP does.[/quote]
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