<p>Good links but note: there is a difference between paying balances off “on time” and paying balances off “in full.” </p>
<p>A client’s credit rating has a significant impact in my business (real estate) and the offices where I’ve worked have had a number of presentations over the years about repairing and/or building credit ratings. Paying off a balance over a short period of time (or a longer one, if necessary…car payments are a good example of the latter) beats paying off in full. Or at least that has been a consistent element of what we’ve been told.</p>
<p>One other nugget about FICO scores: you do well if you don’t have a balance of over 35 percent or so of any given credit line.</p>