That's interesting to hear Hakan- I was under the impression that things worked a little differently...
My understanding was that credit card companies love people who pay interest on their credit cards, as long as they clear the balance completely every now and again. For example, you have $1000 on your card, you make the minimum monthly payment for 6-8 months, then pay the entire thing off in one swoop. Credit rating soars.
I know that's what I did/do, and I apparently have a very good credit rating. I found that hard to believe at first, because I usually carry a balance from month to month on my cards. But I was told by somebody at my bank that I have proven to be a responsible borrower, AND I make the bank money by paying some interest.
???
|