Register

You decide to charge your new cellphone on a credit card and pay it off immediately. Does this help or hurt your credit? Why or why not?

You decide to charge your new cellphone on a credit card and pay it off immediately. Does this help or hurt your credit? Why or why not?
asked 140k views
20 votes
You decide to charge your new cellphone on a credit card and pay it off immediately. Does this help or hurt your credit? Why or why not?

asked
User Stevemarvell
by
8.3k points

1 Answer

14 votes

Answer:

  • It helps your credit because paying on time or making full payments shows the clearing house, aka bank, that you are reliable and can be trusted with loaned money.
answered
User Mrwienerdog
by
7.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
Link Copied!