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If I fully utilize my credit card but pay it off in full every month how would that affect my credit score?
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Im in college and Im trying to rebuild my credit score after freshman year. I got a credit card with a $400 limit and I am using about 80%. Paying this off in full is not a problem but I heard today that its better to only utilize around 30%.
How will my 80% utilization affect my credit score? And by paying it back in full does this mitigate some of the damage that 80% utilization might cause.
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