kdonnel
DVC-BCV
- Joined
- Feb 1, 2001
While searching for a potentially better reward credit card then I am currently using I stumbled upon web pages and forums dedicated to actively managing your credit/credit score. Followers apply various techniques like ensuring that only one credit card reports a balance each month to maximize their credit score.
I understand paying this close of attention for a couple months prior to applying for a mortgage or a car loan to ensure you qualify for the lowest possible interest rate but I don't really see the value in maximizing your credit score month after month. The various techniques seemed to take up significant time and might only make a 20-30 point difference in your score.
If I am not actively seeking new credit why does it matter as long as my score remains in the >= good range?
I understand paying this close of attention for a couple months prior to applying for a mortgage or a car loan to ensure you qualify for the lowest possible interest rate but I don't really see the value in maximizing your credit score month after month. The various techniques seemed to take up significant time and might only make a 20-30 point difference in your score.
If I am not actively seeking new credit why does it matter as long as my score remains in the >= good range?