• cAUzapNEAGLb@lemmy.world
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      11 days ago

      Just as a heads up, you dont need to carry a balance and be charged interest - you can pay off your cards each month, and thus never accumulating interest, and still have an improved score; simply pay the statement balance before the due date

      • Tower@lemmy.zip
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        11 days ago

        I’ve seen people have their cards cancelled for doing this. Rare, but not unheard of.

        • twack@lemmy.world
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          11 days ago

          If you’re doing that you have zero need to bow to any single credit card company.

          I don’t even read 90% of the credit card offers I get, I have plenty of cards, and they are all at zero. Go ahead, cancel me. I’ll have a new one in 15 minutes.

    • marcos@lemmy.world
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      11 days ago

      Well, actually yes, countries paying down their debt is not a good thing.

      But they can switch the debt into a form that doesn’t pay any interest.