- This topic has 5 replies, 5 voices, and was last updated 2 years, 10 months ago by Brie Anna.
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Kitty DavisMember
Some people say that paying off your card too quickly can hurt your chances of bringing your credit scores up. I have enough right now to pay off one of my cards but I am wondering if I should just space this out for a few months instead of paying it all at once and being done with it.
May 22, 2021 at 12:22 pm #3427 -
SammyMember
From what I know, this depends on the amount you owe. Like if it is a smaller amount, you may as well just pay it off but if you owe more, put the money you have aside and make 2 payments a month. I built up my credit doing this. Shame it got hit hard from my other debts!
May 25, 2021 at 6:18 am #3466-
Kitty DavisMember
Does making two payments a month really help?
I guess this means making a payment every time I get paid (bi-weekly). I have read good and bad things about this though. I will have to look into it more.
May 31, 2021 at 9:37 am #3527
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Molly GreenMember
I mean you can boost your scores if you pay it off slowly. Like Sammy mentioned, you can do two payments a month for say, 2 or 3 months instead of paying it all at once.
June 9, 2021 at 3:22 pm #3681 -
VinceMember
I am of the mind that if you can pay it off and it will help you manage your finances better, then just do it. Things pop up and you might forget and then things just get pushed back further and further. Pay it off and just focus on your other cards and credit lines.
June 12, 2021 at 6:41 pm #3730
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