This episode was inspired by a listener question sent in by Dezmond. He and his father had a bit of a disagreement over whether you should pay your credit card off in full each month or leave a balance to build a strong credit score. I’m so happy to answer this question definitively – no, you’re not a fool to pay off that card each month.
On This Podcast Episode:
- Let’s review the five factors that influence your credit score
- I’m explaining why you don’t need to keep a credit card balance
- So what do you do if you can’t pay that card off in full each month
- How does not using your credit card actually hurt your credit score
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. There is no assurance that the techniques and strategies discussed are suitable for all listeners or will yield positive outcomes.
Shannah Compton Game is a podcast host and CERTIFIED FINANCIAL PLANNER of the top-rated Millennial Money podcast. Millennial Money has over 6-million downloads in 164 countries. Shannah’s years of experience as a skilled Certified Financial Planner have set her on a mission to revolutionize how people think, act, and feel about their finances…and have some fun doing so.