Ask credit questions ...I Have 4 credit cards and charge 6 to 10,000dollars a month and pay them off each. Have been doing that for 45 years. Why do I get dinged for owed amount to high?
High balances on credit card accounts hurt your score. I think rather than paying the dues in full, make monthly payments. Try to keep the balance low on your cards. This will help you improve your credit score. Also,creditors tend to charge high interest rate if you carry high balance on your account.
amount on account too high
Hi sweldon,
Welcome to this community :)
High balances on credit card accounts hurt your score. I think rather than paying the dues in full, make monthly payments. Try to keep the balance low on your cards. This will help you improve your credit score. Also,creditors tend to charge high interest rate if you carry high balance on your account.
Hope this helps.
Thanks,
Aaron