Archive - October 14, 2019

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Should You Leave a Balance on a Credit Card?

Should You Leave a Balance on a Credit Card?

Washington Post finance columnist Michelle Singletary took on the “counterintuitive” advice a reader wrote in about: The reader, who was trying to refinance a mortgage, was told to leave a small balance on her credit card (rather than paying the card off). That didn’t seem quite right and the reader wanted another opinion.

While there may have been a time when many Americans didn’t even know they were being judged using a credit score, that has changed. However, even though more people are aware of the credit scoring system, it still remains a mystery to some.

The overall advice …

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