I don’t know who started the rumor that carrying a balance on credit cards is good for your credit score, but I think they should be drawn and quartered.
You shut your pie hole, Poppins. This is serious.
Of all the damaging misconceptions about personal finance we’ve had to correct over the course of running Bitches Get Riches, this is by far my least favorite. And it keeps popping up again and again in questions from our followers! Why? How? Who is teaching all of our darling kangaroo babies such a terrible way of handling their credit cards?
Until I can find the culprit and give them their just desserts (hot oil? The rack?), I have made it my mission to set the record straight.