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

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asked: Which one will increase FICO faster-Pay credit card balance in FULL OR leaving some balance behind?

Pay credit card balance in full

33%

Pay credit card balance in several months

66%

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tonyabell
Guest

Subject: will my credit score go up immediately if I pay my credit ca

Thu Apr 22, 2010 11:52 am

We are trying to purchase a home, the lender said to pay each one down to half of what we owe on each..but we have the money to pay all them off now, will this help so we can purchase this home now?

Aaron

Joined: 08 Feb 2010
Aaron's page
Posts: 2675

48567 Magic Points

Subject: credit score increase

Sat Apr 24, 2010 10:20 am

Hi Tony,

Paying the money over months builds up a long and good credit history. This can subsequently increase your score over time. Making monthly payments has more positive effect on your credit score, than making a single payment. However, if you have high balance on any of your cards, that can negatively affect your score. Thus, its better to bring down the high balance.

Thanks,

Aaron
_________________
Keep in touch Smile

Jaylon
Guest

Subject: SHAuUQTgKV

Sun May 22, 2011 2:23 pm

Haahhaha. Im not too bright today. Great post!

Buck
Guest

Subject: klNzozuzeDZVcSbnm

Mon May 23, 2011 12:52 am

Good point. I hadn't touhght about it quite that way. Smile

Aspen
Guest

Subject: YLzrfovMRkNwlsDetGZ

Mon May 23, 2011 2:11 am

Your awnser was just what I needed. Its made my day!

Smiley
Guest

Subject: ieRbKFBPCKuxh

Mon May 23, 2011 2:57 pm

Hahahaha. Im not too bigrht today. Great post!

Kaleigh
Guest

Subject: iMVoeFuQrgsVDfHP

Mon May 23, 2011 4:17 pm

Cool! That's a ceevlr way of looking at it!

Lyddy
Guest

Subject: qRMPdqcKvr

Mon May 23, 2011 4:18 pm

TYVM you've soevld all my problems

Bunny
Guest

Subject: PyfXIoCqbo

Tue Jul 05, 2011 10:16 am

Wodnefurl explanation of facts available here.

Jayne
Guest

Subject: uIVjhlLfpMViYKYh

Wed Jul 06, 2011 3:41 am

At last, someone comes up with the "right" anwesr!

Christina
Guest

Subject: KqSkQYjHqzHDYZRmtJ

Wed Jul 06, 2011 5:27 am

HHIS I shulod have thought of that!

Jenaya
Guest

Subject: vLpwNjvBuEOwc

Wed Jul 06, 2011 12:25 pm

Well put, sir, well put. I'll ctreanily make note of that.

Jobeth
Guest

Subject: rhFdYHzovpI

Wed Jul 06, 2011 3:22 pm

Hey, that's the garteest! So with ll this brain power AWHFY?

Darrence
Guest

Subject: OIgOQWMMOCdPRtarf

Wed Jul 06, 2011 5:29 pm

None can doubt the veracity of this atrlice.

felix
Guest

Subject: credit score

Wed Aug 17, 2011 6:16 am

i have 3 credit cards with high balances ive had them for ten years or more by paying them down to 20% how much will that bring my score up and i just paid my last vehicle payment will that bring my score up

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