I'm confused! How are you supposed to pay on a credit card to build your credit score?

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mb20and151

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I've heard to keep 1/4-1/3 of your max. on the card to show you can pay and I've also heard you're supposed to pay it off completely every month. Which way helps your credit score the most?

I've been carrying a $500 balance on a $3000 limit card to build my credit....but if it's better to pay it off entirely each month, then I can do that too. I just don't know which is the best way! Why isn't this stuff taught in high school???
 
I had the same problem when I turned 18, so I got a credit card and just paid my bill off every month. I have never had a balance on my credit card, my credit score is now up to 710 and I am only 22 years old.
So yeah it does work, just pay of the entire balance!!
 
To build your score, use credit. Student, car, home loans, credit cards etc... But pay it off- why pay the interest to the bank, KEEP YOUR MONEY!
 
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