Money Myths – Carrying a balance is good for your credit

We have a quick announcement before this week’s money myth. We’re starting a new series of online events for everyone at BrightDime. This Tuesday, our Head Coach, Caleb will be talking about how to fight consumerism during the holiday season and how to keep from overspending. Sign up here, space is limited!

Now, onto the myth. One of the more expensive money myths out there is that you need to carry a balance on a credit card (or two) in order to build or maintain your credit. Not true!

We have a short video explaining why this is a myth right here.

Or if you’d prefer to read, the full article is right here.