OurCommunityPower.org >  Credit Forums   Debt Forums  Mortgage Forums  Insurance Forums
CreditMagic logo
Close

    LOG IN
Don't have an account? Sign up

*Email:
*Password:
*Display Name:
* denotes required field
*Email:
*Password:
Forgot password?
*E-mail:
  
HomeCredit ForumImprove your credit score

Pay credit card balance in full- Will Increase FICO faster?

 Post reply  Start a topic
asked: Which one will increase FICO faster-Pay credit card balance in FULL OR leaving some balance behind?
Options Results Votes
Pay credit card balance in full
30% 30% 
 4 
Pay credit card balance in several months
69% 69% 
 9 
Total Votes 13
Please login to cast your vote.
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Thu Jul 24, 2008 11:51 pm  
I don't ever keep out more than 20 dollars. This is every two weeks. I found that is usually just wasted.
 
aprilsjewels



Joined: 27 Jul 2008
aprilsjewels's page
Posts: 4



179 Magic Points
Subject: Which one will increase FICO faster-Pay credit card balance
 
 Posted on Sun Jul 27, 2008 5:32 pm  
I believe that credit scores or increased by showing a history of on time payments.
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 493



12319 Magic Points
 
 Posted on Mon Jul 28, 2008 1:24 pm  
You are right aprilsjewels. Since credit history contributes the major part of your credit score, maintaining a good credit history, or in other words, repaying the debt on time, helps you to increase your credit score.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Mon Jul 28, 2008 2:01 pm  
It takes hard work and commitment to get your credit straightened around so if you have good credit always strive to keep it that way. Paying debts on time is not hard if you know when your monthly bill usually arrives. I try to stick everything intop a budget. we get paid every two weeks so I have a list of which bills are do and when. That way I know I am not forgeting any.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Tue Jul 29, 2008 12:43 am  
It is hard when you fall short a few bucks though, I have done it and put something off, I have paid late payments but have always tried to keep it in the 30 day window if at all possible.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Thu Jul 31, 2008 2:16 pm  
I have and will rpobaly be there again. I would just love to not have any bills other than my utilities. Once these home bills get paid I don't want to see any more again. At least gas is slowly coming down. I heard something on the news a month or so ago that they were considering a second economic payment..alot less than the last but hey beggars can't be choosers and I still have no clue as to how I am paying fall taxes and getting fuel. That has my stomach in knots.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Mon Aug 04, 2008 2:10 pm  
Well fireyone,

I just cleaned off my desk, you know the one where you sort the junk from the bills, well my stack is now cleaned up and I have a pretty good picture of where I stand. A little happiness and a little disapointment came out of that mess.

One good point is that I am current on my bills, yeah! I did find some disputes that I filed on my credit report, here is the dissapointment, some of the junk is going to stay on there till April 2011, YUCK, that is still along time. I thought they were much older. They are all paid off, but still linger to haunt me.

So I guess, I have a long time to keep current and establish good payment history till 2011, so once those drop off and I have all these years of good payment history, my score should soar right?
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Tue Aug 05, 2008 3:25 am  
Hopefully that is what will happen but I imagine you will have to establish a good history somewhere along the line. I know at this point it is hard to get any decent rates on a cc but maybe through time. As the debts get older, evn though they are still on you CR will your score rise?
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Wed Aug 06, 2008 4:51 am  
your hard work will pay off in the long run goodnatured, just hang in there and continue to do what you have been doing, you will have good results once things start dropping off your report.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Wed Aug 06, 2008 11:05 am  
I sure hope so, it has been a long time coming and still have time to go.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 631



8 Magic Points
 
 Posted on Thu Aug 07, 2008 2:54 am  
soon but not soon enough huh? Is there anyway you can get some of the bad credit pulled off your report. CMBV seems to have some good advice on here about that, you may want to look further into it.
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Fri Aug 08, 2008 1:21 am  
That is an idea. It would take a little time to look into but you have already put fourth so much effort.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Sun Aug 10, 2008 1:10 pm  
I can't wait to have some of this junk fall off, I have not done anything with new credit, just been maintaining what I have.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 2847



1688 Magic Points
 
 Posted on Mon Aug 11, 2008 1:02 am  
That is probaly best for a while anyway. If your score is too low and sometimes even medium all you get is high interest anyway
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3133



5260 Magic Points
 
 Posted on Wed Aug 20, 2008 2:13 am  
That's what I have found, I have applied for cards there for a while, usually just got a denial or an offer with a really high rate, then those inquiries just lower my score that I was trying to raise. So I have decided that I will just maintain.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
Quick Reply
Your Name
Subject
Message body
 Previous  1 2 3 4 5 6 7  Next  
Page 4 of 7

 


All the works we publish comply with the Creative Commons Attribution License.
This work is licensed under cc by 2.0

Home Knowledge bank Forums About us

Members Area
  • Log in
  • Sign up
  • Bookmark us
Ask the Community
Join credit magic community
Search
  • Forum Search

Financial Tools
  • Credit Repair Tool

Financial blog reader.
Quick poll
What is your credit Score ?
400-500 
500-600 
600-700 
700-900