Quote:
Originally Posted by type-dRew
Right, they base the score on a revolving understanding of your credit uses.
If you aren't using it, the score isn't going to reflect positively because they have no idea how much they can trust you with the credit line, they just know you aren't using it.
Always carry a small balance. $1-$5, whatever, just don't pay it to zero. Helps immensely.
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Yes, exactly. Well said.
It's kind of a "the risk you know vs. the risk you don't know" sort of situation.
For years my step dad had a single credit card that he kept in a drawer for emergencies (that never happened) and bought everything with cash. When he and my mom got married he had literally no credit score. He was a ghost. No credit extended or used in like 25 years.