- Posts: 2
- Joined: Sat Apr 06, 2013 12:53 am
- Location: Los Angeles
I'm trying to build my credit and went to Icuracao where attaining credit is somewhat undeniable. I was approved for a credit limit of $675 and 0% interest for 4 months. Now I want to buy myself a new IPod since the one I've had for 3+ years broke. Would spending 300 dollars and paying it off in 4 monthly payments be okay? would leaving a balance at the end of the month hurt my credit (4 monthly payments)?
Also I was browsing the forums and it is recommended to have a statement balance between 4-10% by the end of the month, this is new to me. For the past year on my capital one card (limit $500) I've been making full monthly payments of ~150 to ~250 never being late and paying off in full. Am I hurting my credit score? If from now on I keep it within 4-10% how long will it take for my score to reach its optimal.