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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06-02-2021
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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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Jesusm1idn Jesusm1idn · Answer 1 · 2021-02-06T21:22:52-05:00

Jesusm1idn Jesusm1idn

06-02-2021

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.

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