this post was submitted on 03 Feb 2026
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Work Reform

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[–] CombatWombatEsq@lemmy.world 30 points 3 weeks ago (2 children)

Sure but if we pay off the full debt our FICO credit score will go down. You gotta carry a balance nowadays.

[–] cAUzapNEAGLb@lemmy.world 8 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Just as a heads up, you dont need to carry a balance and be charged interest - you can pay off your cards each month never paying interest and still have an improved score, simply pay the statement balance before the due date

[–] Tower@lemmy.zip 2 points 3 weeks ago (1 children)

I've seen people have their cards cancelled for doing this. Rare, but not unheard of.

[–] twack@lemmy.world 6 points 3 weeks ago

If you're doing that you have zero need to bow to any single credit card company.

I don't even read 90% of the credit card offers I get, I have plenty of cards, and they are all at zero. Go ahead, cancel me. I'll have a new one in 15 minutes.

[–] marcos@lemmy.world 5 points 3 weeks ago (1 children)

Well, actually yes, countries paying down their debit is not a good thing.

But they can switch the debit into a form that doesn't pay any interest.