Can Carrying a Small Credit Card Balance Help Your Credit Score?

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 Separate myth from fact now. Here’s what really affects your credit score. garagestock / Shutterstock.com

Editor’s Note: This story originally appeared on The Penny Hoarder. You probably know that paying down debt is good for your credit score. But there’s a persistent myth about credit card balances and credit scores. Some people say that carrying a small balance from month to month somehow helps your credit score. The idea that carrying a balance helps your credit score is totally false.

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