I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
I buy things on credit card, and pay the full amount off, but my credit score is going down instead of up?
I have nothing else my name expect this credit card, and student loans that are not due yet because I am still in college.
I think you're right, but I'm struggling to understand the difference between current balance and statement balance.
The current balance is live, and the statement balance becomes a matter of record (and you have 30 days to pay it off). If you pay your bill to 0 before the statement comes out, that usage is not reported to TransUnion/Equifax so it won't have any positive or negative effect on your score.