Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
BroncosSouth

0 Contributions
0 People Helped
How Best to Maximize Benefit of Revolving Account
Just opened furniture account to make a purchase over time only to discover that amount of monthly payments is prohibitive in the long term. Would it benefit my credit score to put the item on credit and pay it off in 3 payments? Or would it be best not to use that credit at all? If I can manage a full one-time payment is there a best way to positively impact my credit with this purchase?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
23 Contributions
7 People Helped

I think that any activity on an unused credit card good as long as you're paying the minimum payment regularly. The only thing that I'd be concerned about is whether or not the furniture loan is going to max out your credit card. You don't want to "over-utilize" your limit as that can lower your score. But this may be the lesser of adverse circumstances if the term of the furniture loan isn't going to work for you.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.