HI all Just wondering if big fluctuations in credit card balances make a big difference in Fico scores? Is it best to keep a $0 balance, or a "healthy" balance and continue to pay? Also, anyone know of any other credit card companies that will take a marginal risk with a new customer and their recovering credit besides cap one and orchard (have both) with sane interest rates and acceptable annual fees? Thanks jmurrell80
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As long as you have activity on the account within 6 month period you can take it down to zero balance, then charge say $50, and pay it off again, that will help the account hit the scoring system and give you prime on the utilization. If you are going to carry a balance, then recommend not going over 30% if you can help it.
