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This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

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Early_To_Risa@sh.itjust.works

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Anon tries to understand credit scores (sh.itjust.works)

submitted 13 hours ago by Early_To_Risa@sh.itjust.works to c/greentext@sh.itjust.works

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[–] damnedfurry@lemmy.world 7 points 5 hours ago* (last edited 4 hours ago)

Thank you, holy shit, I get so frustrated seeing the most obviously-disproven misconceptions flying around even communities that purport to be savvy, lol.

Though one thing you didn't mention that I think always should be: re credit card, don't pay SO early that the agencies never see that you borrowed in the first place. In other words, wait until at least your statement date to pay your card (off, ideally). It's your statement balance that gets reported, so if you pay before the statement cycle ends, the agencies won't even know that the transaction(s) happened at all. Pay the card off anytime between your statement hitting, and your due date, and you're golden, credit score improves, and you accrue no interest.