Wednesday, December 12, 2007

Does your credit score go down if you charge a lot but just pay it off?

on one of my credit reports , there was some small note that i have "excessive use of revolving credit" or something... what is the difference if i pay my balance in full every month (and have for 10 years)? I just charged something for 7k which is the most I ever charged and now i think i probably should've written a check...


oh and i already paid the 7k off but i just think perhaps it is not good to have on my credit for some reaon... anyone know?


The way my card works -- you can charge as much as you want but after 20k then it has to be paid fully.


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