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1. ninja8tyu (ninja8tyu@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:35:07 JST ninja8tyu
   i remember hearing that my credit score goes down if i'm not willing to take on debt -- i don't pay off all my due credit, but instead have some payment always remaining
   
   so like, would my credit score increase if i left a cent in there at all times?
   • Kyonko802 (kyonko802@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:35:06 JST Kyonko802

     in reply to
     @ninja8tyu You have to take on debt to show that you can pay it off. It's a bit of a catch 22. I had to argue with a guy to get a car loan because I don't use credit cards.
   • LoliHat (lolihat@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:42:06 JST LoliHat

     in reply to
     @ninja8tyu
     
     You'll always have to pay interest, and even if it were so low the vast majority of cards have a small minimum fee. About $50 to $100 should be fine. If you are starting out I wouldn't worry too much about anything under $1000 just as long as you keep enough spare credit and pay off the minimum + what you bought + a bit extra.
     
     It'll take time to build up credit, but that high score is something earned.
   • Kyonko802 (kyonko802@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:42:06 JST Kyonko802

     in reply to

     • LoliHat
     @LoliHat @ninja8tyu My recommendation, get a top of the line gaming PC if they let you. It's not enough money to take too long to pay off, but it's a big enough purchase that it will bolster your credit.
     
     Home appliances like fridges, driers, and washers are also a good choice.
   • ninja8tyu (ninja8tyu@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:42:07 JST ninja8tyu

     in reply to

     • LoliHat
     @LoliHat that's what i heard, but would a literal penny of balance be enough to raise my score?
     
     exactly how much would i actually need to increase my score while not having to risk paying any interest if i don't pay off the entire thing?
   • LoliHat (lolihat@varishangout.net)'s status on Tuesday, 14-Jan-2025 13:42:08 JST LoliHat

     in reply to
     @ninja8tyu
     
     Being able to carry a small balance shows greater credit trustworthiness than needing to never take on debt at all.
     
     Being able to add debt and then pay it helps your credit score as well. Basically, you buy what you need (within your budget) on your credit card and then pay off most, but not all of what you put on the card… but always above the minimum.