LogFAQs > #971606967

TaylorHeinicke posted...

It opens up risk of forgetting or overspending. Small price to pay for 30 seconds a day.

It takes 30 seconds to go to the bank websight, open my credit history, and pay the balance. Additionally, if not more importantly, it's a great way to stay on top of fraud. It's a lot easier to remember what that weirdly-listed vendor actually was when I was just there yesterday vs. 27 days ago.

Most of us just set it to autopay so there is no forgetting. I review my statements and don't have trouble noticing unexpected charges. I have 10 or 11 cards and never paid an annual fee or interest on any of them. But personal finance is personal so you do you.

To the original point - another factor that confuses people is that there are different FICO models. In theory some FICO models are more accurate than others for different things, like for auto loans or for mortgage loans. So the score given might be unexpected because it's a different FICO model. And if you saw your score through Experian directly then this part doesn't apply, but in general a lot of people are also confused because sites like CreditKarma and stuff use VantageScore, which is altogether not the same algorithm as FICO but is kinda close to it. But that's another reason the scores would be unexpectedly different.