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Old Jul 31, 2008 | 05:37 AM
  #27  
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losiglow
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Joined: Dec 2005
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From: Eagle Mountain, UT
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Originally Posted by white_n_slow
letting a little bit ride month to month is actually usually better for your rating, even if it's not the best personal financial policy. :shhh:
This is true. If you're carrying a balance every month, even if it's small, you're technically borrowing money every month. If you pay it off every month you never really borrow any money because interest is determined on a monthly basis.
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