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Credit MasterClass

Public โ€ข 879 โ€ข Free

7 contributions to Credit MasterClass
Revolving utilization
Letโ€™s say you have a credit of $1000 and you use $200 but pay it of before the due date that means your revolving utilization is 0 correct as long as itโ€™s before the statement day? Also is the statement day the same as the due date?
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New comment Jun 4
0 likes โ€ข Jun 4
@Shamsuddin Khan Understood but how would you know when the statement date is?
Buisness credit
I found today that if you open a buisness credit card for example chase ink buisness CC thereโ€™s no interest within 12 months of use and you can use as much as you want with no harm to your personal credit. The way they approve you is through your personal credit but after approval your good to use it without effect on personal credit. Let me know if yall have heard about it or if Iโ€™m wrong.
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New comment May 28
Credit utilization
First time having a credit card my balance is $1900 so 10% of that is $190 but if use 30% of my balance and make a payment and drop it to 10% will I be good and all I would have to do is pay the remaining 10% by the closing date ?
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New comment May 30
1 like โ€ข May 28
Yeah bro I usually use around 10% so my revolving utilization stays low and Iโ€™ve seen a decent increase in credit score due to that. As long as you keep it low and pay before due date youโ€™ll be cool.
New CC
so far I have discover and capital one I think itโ€™s time for a third. I was thinking chase freedom or should I hold of and just get credit lines under a buisness llc
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New comment May 28
0 likes โ€ข May 26
@Cristian Tovar 769
0 likes โ€ข May 22
All you gotta do is pay of your balance before the due date by the end of the month. If you donโ€™t then you can incur APR.
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Tommy Gee
2
9points to level up
@tommy-gee-7577
Trying to make something of myself before I graduate ๐Ÿ™

Active 84d ago
Joined May 19, 2024
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