Welcome to the LuxuryDesertHomes.com Blog

2019-08-20 15:21:14
Will Paying My Credit Card Balance Every Month Help My Credit Score?

There is a common myth that carrying a balance on your credit card from month to month can benefit your credit scores, but that is not true. Ideally, you should pay off your credit card in full every month.

Leaving a balance will not help your credit scores. All it will do is cost you money in the form of interest.
The most important factor in credit scoring is always your payment history — whether or not you make all your payments on time. The second most important factor is your utilization rate, or balance-to-limit ratio. The lower your utilization rate, the better for your credit scores.

It's Best to Pay Your Credit Card Balance in Full Each Month

If you are trying to establish a strong payment history, you can do so by making small purchases on your credit card each month, paying the balance in full, and making sure all payments are made on time.

If you cannot pay the balance in full, keep the balance as low as possible. You should never carry a balance of more than 30 percent of your credit limit on any one card or in total. The lower your balances, the better it will be for your credit scores.

Making small purchases and then paying them off right away will keep the card active and keep your balance well below your credit limit. This demonstrates that you consistently manage debt well and can help increase your credit scores.

Thanks to the 'Ask Experian' team

 
Blog Archive
2019-09-04 10:41:30
Downsizing Advice for Seniors

2019-08-25 06:41:18
Best Golf Weekend in Greater Palm Springs

2019-08-23 07:54:59
Toscana in Indian Wells is one of the most popular desert communities. This is home that a discerning buyer would absolutely love!

2019-08-23 07:47:51
Book Details Top Palm Springs Hikes

2019-08-20 15:21:14
Will Paying My Credit Card Balance Every Month Help My Credit Score?

2019-06-24 07:14:51
Living Back to Nature

2019-06-20 07:09:14
9 Palm Springs Bars to Engage in Conversation - Looking to meet new people? Palm Springs has an abundance of bars

2019-06-20 07:05:20
5 Free Things to Do This Summer The heat does limit outdoor activities a bit in the desert, but here are five events in Palm Springs and surrounding d

2019-06-20 06:57:21
20 Things in Your Home You Didn’t Realize You Should Be Cleaning. DON'T SKIMP ON SCRUBBING THESE INSIDIOUSLY FILTHY SPOTS.

2019-04-22 09:23:20
This week in the Palm Springs Area

2019-03-17 06:32:19
Riverside/Coachella Valley Market Report Feb-19

2019-03-15 16:23:04
A great opportunity in Hidden Canyon in La Quinta.

2019-03-15 10:16:50
Sunscreen yourself to live

2019-02-04 12:08:38
The Deserts Top Golf Courses and restaurants

2018-10-25 07:24:04
Palm Springs - Living in 1961 The kismet of a street address inspires vintage décor in this new-build home.

2018-10-25 07:17:22
Explore Palm Springs: More Daylight Savings Time

2018-10-25 07:15:26
Where to Stay in Palm Springs The accommodations fulfill the city's legacy as America's playground for the hip and cool.

2018-10-25 07:13:00
Taking Flight Artist C. Jeré made multidimensional metal artwork an essential element of mid-century home decor

2018-10-07 11:27:45
The Importance of Reading and Understanding an Offer

2018-10-07 11:27:23
Do You Know the Basics of Home Security?

2018-10-07 08:47:25
Notable, Quotable, Quotes!

2018-09-28 08:13:13
HOW TO MARKET YOUR HOME TO THE RIGHT BUYER

2018-09-26 07:13:07
50 Things to Do in October in the Desert

2018-09-23 08:48:05
September Market Report

2018-09-21 07:47:50
Buyers Remorse

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.