We have just seen evidence that some mortgage scoring models prefer a very small balance on at least one credit card. Equifax score rose 9 points when a client added $10 balance to one credit card. Paying your cards to zero every month does boost scores, however there are exceptions to this ‘rule’.
Leaving a small balance on credit card might benefit score(s)
by kathywardteam | Feb 1, 2013 | Revolving/credit card accounts, Scores | 0 comments