One of the fastest ways to plummet your credit score is by maxing out your credit cards. When you spend too much, or up to the credit limit, your score is adversely affected. Therefore, light use of your card is recommended.
The balance shown on your credit report – which is usually the balance of your last statement, will have a big affect on your overall score.
That’s why maintaining a lower balance on all your credit scores will help you to build your credit.