Investorial



Building Your Credit Score At A Young Age

Big Cajun Man blogged about how his daughter was learning about credit cards and interest rates over at Canadian Financial Stuff. I commented that it is a great idea to get young people learning to respect their credit and building their credit score. However, I was confused by a myth (not the big myth I’m still working on busting tomorrow!) that I heard regarding the right way to build your credit score.

Is it better for your credit score to pay off your entire credit card balance each month or to carry a balance and never miss a payment?

Military Money has the answer! (Got to love that site’s title!)

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This entry was posted on Tuesday, May 16th, 2006 at 10:11 pm and is filed under Credit and Debt. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own blog.

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