If I can pay off a card in full, should I?

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    • Kitty Davis
      Participant

        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.

      • Sammy
        Participant

          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!

          • Kitty Davis
            Participant

              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.

          • Molly Green
            Participant

              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.

            • Vince
              Participant

                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.

              • Brie Anna
                Participant

                  I have had the chance to do this and didn’t and regretted it. I have since paid it off and I don’t plan on making that mistake again! It is not worth holding onto. Stick to keeping just a few cards to keep your scores going up and get rid of extras!

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