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Kerickter

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Making double the minimum payment increase credit scores?
On either a car loan or a credit card, say the minimum payment due is $150 a month ... if I pay $150 every 2 weeks, will that increase my credit faster or am I just dodging my interest?

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Your credit score don't get a boost/bonus from paying double/triple/quadruple the minimum instead of just minimum. What might affects the scores is how much you reduce the reported balance/utilization, of course more you pay on your credit cards? lower the balance/utilization going to be (depends on what's reflecting on your report at the time scores are pulled). Auto loan don't factor into your utilizations, however, there is such credit denial reason as "current balance to loan amount is too high", sooner you reduce the balance on a loan to a certain percentage? the quicker that particular denial reason disappears.

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