I heard that it's good to have a balance because then the bureaus report that balance -- if you pay it off before they report it, they report zero.
Since you want the bureaus to know that you use credit because that's how your credit score increases, should I pay the balance as soon as possible or wait as long as I can before
I have searched far and wide and I am confused in what I should do here.
I want my score to increase the best and fastest way possible, but the concerns I have are not with utilization -- they are with when I should pay and how that will affect my score based on if the bureaus see any credit use or not if I may be paying too soon.
To make this very clear, I want to know if the credit utilization will still be reported if I pay my bill as soon as possible, because I want my credit use to be known -- I don't want the reported credit use to be zero if I am using credit and paying it off if before it is sent to the bureaus.
If this doesn't make sense, I'm sorry -- I can't think of any other way to word it. I want my credit use to be known to the bureaus basically, and I am worried that if I pay too soon they won't know I used any (when I did). Is there any definite, clear answer to my concerns?