Computer paid for by Credit Card

kenf1234
Wed, 02 Jul 2008 10:16:13 +0000

If you want to build up your credit, if you got a credit card, and just used it to buy things like groceries or incidentals or whatever, and paid that small amount off every month, that will accomplish that goal.

If you had a $3,000 credit limit and a $2,500 balance on that credit limit, and that was your only credit card, that would actually cause you to have a relatively low credit score, since your debt-to-limit ratio was so high.