Comment from Stephen T
Time February 18, 2010 at 11:21 pm

Making regular monthly payments is the best thing you can do to improve your score. Congrats and good luck!

Comment from Sea☮♥Sun
Time February 18, 2010 at 11:40 pm

Paying off your credit cards doesn’t boost your credit score. Making payments on them does though. Sucks, it’s set up so that if you are good like you are you don’t get rewarded but at least you aren’t in debt anymore.

Comment from frogsfly94
Time February 18, 2010 at 11:53 pm

I don’t know how much it will boost your credit score but it will improve it!!

My brother has bad credit and wasn’t able to get a loan. He was told if he opened a credit card account and made a purchase once a month and paid it off when he got the bill he would boost his good credit.

My credit score just went up because we paid off 2 credit cards and have one more almost paid off now and we paid a few months ahead on 2 of our loans! I went from 724 to 737!

Comment from Mia Jacob
Time February 18, 2010 at 11:56 pm

Making regular monthly payments on credit card is the best thing you can do to improve your credit score. Financial experts recommend keeping your account balances less than 50% of your available credit. It shows that you have the ability to pay back your debt.

Having and using a credit card wisely can be beneficial to your credit rating. However, if you’re constantly applying for new credit cards, it can hurt your rating, especially if you’re getting turned down for them. Applying for too many credit cards, in a way, shows that you don’t have enough capital to afford your cost of living on your own income. And if you’re getting turned down by creditors, it’s an indication that your credit standing just isn’t up to par, and other creditors will weigh these rejections against you.

Comment from LovIngMe
Time February 19, 2010 at 12:50 am

yes but make monthly payments