To keep a good FICO score you should
A) Carry a high balance
B) Keep your balance under 1/3 of your limit
C) Keep your balance under ½ your limit
D) Pay every other bill

Question

Quizplus · Accepted Answer

Keeping your balance under 1/3 of your limit will show lenders that you are responsible with your credit and not relying too heavily on it. This will have a positive effect on your FICO score. Keeping your balance under 1/2 of your limit may also have a positive effect on your score, but not as much as keeping it under 1/3. Carrying a high balance will have a negative effect on your score, as it shows that you may not be able to pay off your debts in a timely manner. Paying every other bill is not a good strategy as it may result in late payments, which will have a negative effect on your score.

To Keep a Good FICO Score You Should