- Green Member
- Posts: 17
- Joined: Thu Jun 30, 2011 11:04 pm
- Location: Texas
Awesome, I found a thread to ask this question, yay! I have finally paired down all my balance's to about 15-20 percent, between 5 CC's. Before this site I would max out all my cards and pay only the min. balance every month...I know. I chalk that up to no "Money Education" (which I feel is the schools job to do, not parents).. I did not know I was hurting myself. But, here I am now. All my cards are down below 30 %, but I still have a ways to go. In a nut shell, WHAT IS THE BEST WAY TO CARRY A BALANCE IF ONE HAS NO CHOICE BUT TO CARRY A BALANCE? Do I pay the min balance plus 100 dollars more, would 10 dollars suffice? how about 20? How can you carry a balance and have it benefit, not hurt? and How many saw harry potter yesterday...haha sorry I ran out of questions and was on a role.
Side bar because of you, all. This site...My fico has risen from 650-720 in about 5 Months. Thanks all.