Are you making this credit score mistake? 🫣

Описание: You know what’s spooky, friend? 🫣

The myth that carrying a balance on your credit cards will boost your credit score. 👻

Carrying a balance, especially over 30% of your total credit limit, can actually hurt your credit..

And you’ll run into an even spookier word: 👂interest.. which your balance accrues!

If you can, paying your balance in full each month can help you avoid high-interest payments while improving your credit score–a win-win!

So, remember: don’t carry a balance, pay off your balance in full, and watch your credit score soar. 💸

For more money myths versus facts, here are 3 ways to get the financial knowledge you’re looking for:
▶️ Watch the video on the main Mind Money Balance YouTube channel
🎧 Listen to the Mind Money Balance podcast
🔗 Head over to my blogs on MindMoneyBalance.com

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🗣️ LEGAL DISCLAIMER
The information and content provided by Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance is for entertainment and informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. No one should make any investment changes without first consulting his or her financial advisor and conducting his or her research and due diligence. To the maximum extent permitted by law, Lindsay Bryan-Podvin LMSW, LLC/Mind Money Balance disclaims any and all liability in the event any information, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

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The entertainment provided in these videos is not a substitute for psychotherapy and does not count as a social work service/therapeutic relationship. If you are in need of help, seek services from a licensed healthcare professional: https://www.therapyden.com
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