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If you are looking to build your credit, keep a balance for a month or two - gosh, what the heck does it cost you?

I've never heard any "credit experts" say that carrying a balance on a cc for a month (or more) helps one's credit - I think this is a mistaken thought a lot of people have.

Consistantly making payments on the types of loans that are monthly - mortgage, car loan, student loan - does help one's credit - but I think that's because that's a type of loan that's considered "installment" and expected to be paid back monthly, not in one lump sum.

But a cc is not considered "installment" - so I do not think carrying a balance for a month or two ever helps increase one's credit score compared to someone else who always pays the balance off each month.
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