Paying Off a Credit Card Balance
Author: Guest
Posted: Thu Apr 01, 2004 10:15 am
Post subject: Paying Off a Credit Card Balance
My credit history is short (1 year). I recently charged a large amount ($5000) on one of my credit cards. I have the money to pay off the entire amount, but would like the pay off to look good on my credit history/report/score. Would it be better to pay off the entire amount in one go, or to pay it off in smaller chunks (like $2000) over 2-3 months?
I apologize if a question of this sort has already been anwered in this forum.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: meto
Posted: Thu Apr 01, 2004 11:49 am
Post subject: Paying Off a Credit Card Balance
you need a payment history of at least 6 to 12 months.
Author: debtlesson
Posted: Thu Apr 01, 2004 1:54 pm
Post subject: Paying Off a Credit Card Balance
You are very smart to be thinking about your scores and how they will effect you in the future. I have very strong feelings in this area. I am an investor (strong in real estate) and the amount of people that I personally speak with that have credit scores that have taken hits, is unbelievable. Everyone is so worried about the "here and now" that they completely blow there future. I joined a team that helps people get there debt under control and on to financial freedom. I even have a few websites that I tell these people to check out QUITDEBT.NET , QUITDEBT.BIZ ,OURDEBT.NET . The help they get there has made me a lot of sales on my single family homes. I have always been one for helping others when I can, and one way or another, I seem to profit from it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Eugene
Posted: Thu Apr 01, 2004 5:29 pm
Post subject: Paying Off a Credit Card Balance
You build credit equally well, whether you pay off in full or carry a balance. If you have the money, just pay it all off.
Posted: Thu Apr 01, 2004 10:15 am
Post subject: Paying Off a Credit Card Balance
My credit history is short (1 year). I recently charged a large amount ($5000) on one of my credit cards. I have the money to pay off the entire amount, but would like the pay off to look good on my credit history/report/score. Would it be better to pay off the entire amount in one go, or to pay it off in smaller chunks (like $2000) over 2-3 months?
I apologize if a question of this sort has already been anwered in this forum.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: meto
Posted: Thu Apr 01, 2004 11:49 am
Post subject: Paying Off a Credit Card Balance
you need a payment history of at least 6 to 12 months.
Author: debtlesson
Posted: Thu Apr 01, 2004 1:54 pm
Post subject: Paying Off a Credit Card Balance
You are very smart to be thinking about your scores and how they will effect you in the future. I have very strong feelings in this area. I am an investor (strong in real estate) and the amount of people that I personally speak with that have credit scores that have taken hits, is unbelievable. Everyone is so worried about the "here and now" that they completely blow there future. I joined a team that helps people get there debt under control and on to financial freedom. I even have a few websites that I tell these people to check out QUITDEBT.NET , QUITDEBT.BIZ ,OURDEBT.NET . The help they get there has made me a lot of sales on my single family homes. I have always been one for helping others when I can, and one way or another, I seem to profit from it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Eugene
Posted: Thu Apr 01, 2004 5:29 pm
Post subject: Paying Off a Credit Card Balance
You build credit equally well, whether you pay off in full or carry a balance. If you have the money, just pay it all off.
posted by CardRatings.com at 6:29 PM
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