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Question By
amynguyen512

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Is it better credit wise to pay off your credit card all at once or over time?
I owe around 3k on my credit card and I'm able to pay it off all at once but I'm trying to raise my credit score up. Should I pay off the monthly payment or just pay it off all at once?

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Keep less than 10-20% of limit on card

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The best way to help your score is to be sure that the balance on your card is never more than 10% of your credi limit.   That is not your ending balance.   That is at all times throughout the month.   What percentage of your credit limit does $3000 represent.   If over 10% now,  pay off totally and then never charge more than 10% of credit limit during month and the pay off totally every month.  Use it every month but never carry a balance. 

Top Contributor
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Pay it off Now,  don't wait.
 

If you want to build up payment history send them 1.25 each month for the Credit Cards you have.  it will count as a payment.

Never Charge on a Credit Card what you can't pay for in Cash right then.   If you can't pay Cash then you Can't Charge it.

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If you can pay it all off without hurting yourself I would do that.Then use it but try to keep it between 1 to 9% and pay it off every month on time.If you go to myfico.com theres a score simulator.I've used it and it's far from perfect(as most things are)but it gives you a great deal of information as to what they look for in figuring the score. 

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