Comment on Anon tries to understand credit scores
damnedfurry@lemmy.world 5 days agoThank you, holy shit, I get so frustrated seeing the most obviously-disproven misconceptions flying around even communities that purport to be savvy, lol.
Comment on Anon tries to understand credit scores
damnedfurry@lemmy.world 5 days agoThank you, holy shit, I get so frustrated seeing the most obviously-disproven misconceptions flying around even communities that purport to be savvy, lol.
ricecake@sh.itjust.works 5 days ago
I’m pretty sure they see everything, but the way it’s chunked up can create artifacts. Balances are tabulated monthly, but they also see your payments. A higher balance means higher utilization which lowers your score. Paying early counts as a history of on time payment and lower utilization, which is good for your score.
chase.com/…/should-you-pay-off-credit-card-early