Let's have some fun: Becky had a credit score of 740 and decided to start a business. She applied for and was approved for 3 credit cards (each have 5k limit) and decided to use them to purchase materials, supplies and compliance certifications. She maxed out all 3 cards. When the bill came due she promptly paid the minimum due plus an extra $100 all cards. Did her score go up or down?
7
votes
Down because her credit use went up.
Up because at least she paid more than the minimum due.
Stay the Same because she didn't do anything to decrease or increase it.