Question by sleighthames: To raise credit score should i pay off credit card immediately or stretch out payments over a few months?
I don’t have debt by any means, first and foremost. I am just starting to live on my own and build my credit and stuff. I got a credit card to help me do that and right now my balance is around $ 600. I can easily pay this off in one month and not think about it again but i heard that won’t raise your credit score any. Someone told me that it is good to leave some balance on your credit card. So, I was wondering should I stretch out the payments over a few months? I would like educational answers only please. I want to do whatever is best for my credit score.
Fast Credit Repair
Best answer:
Answer by En3rgy
it is better to pay off the credit card and continue to make small purchases paying the balance off completly every month. a remaining balance incurrs interest fees which you do not want.
Having the credit card open for a year, showing you pay the entire balance every month boosts you credit score (called revolving credit)
Add your own answer in the comments!
