Does Having a Credit Card Balance Hurt Your Credit Score?
by Robin Hartill, CFP®Senior EditorYou probably know that paying down debt is good for your credit score. But there’s a persistent myth about credit card balances and credit scores. Some people say that carrying a small balance from month to month somehow helps your credit score.The idea that carrying a balance helps your credit score is totally false. Read on to learn the facts about how your balance affects your