Is it bad to have a zero balance on credit cards?

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Is it bad to have a zero balance on credit cards?

Rounding it up

  • Credit scores are an indicator of one’s creditworthiness, or how reliable you are with a loan.

  • Lenders use credit scores to identify not only creditworthy borrowers but also the ones that will generate the most profit.

  • A zero balance on credit card accounts does not hurt, but it certainly does not help increase a credit score either.

  • Ask first if you really need to borrow as lenders are out to make a profit on the funds they lend you.

8 min read

Jordan T. Hedberg
#credit#credit cards#credit score#loans

Jordan T. Hedberg

Jordan is a former Broker and current community newspaper Publisher. When he is not researching and exploring the financial world he can be found raising grass-fed beef and goats in the Colorado Wilderness.

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