Should you carry a balance on your credit card?

????Myth Buster Alert! ????

Did you know that carrying a balance on your credit card does NOT improve your credit score? This is one of the many credit myths we debunked in a workshop organized by Swann’s Tax Services. ????????

Here are a few key takeaways:
1️⃣ Carrying a balance can actually hurt your credit score, not help it.
2️⃣ Paying off your credit cards in full every month is the best practice for maintaining a good credit score.
3️⃣ You don’t need to carry a balance to build credit history.

Don’t let these myths hold you back from improving your financial health.

#improveyourcredit #credithistory #creditcard #creditscore

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