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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?
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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?

User Stevemarvell
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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.
User Mrwienerdog
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