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 Cards
Profile Image

Question By
CreditAchiever

1 Contribution
0 People Helped
Will making payments on multiple credits increase my score quicker than just making payments on 1?
j

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2791 People Helped

I'm a little unclear on your question, but I'll give it a shot.  If you have several lines of credit or credit cards with balances, work on getting your utilization down below 30% on each card.  Ideally, you should have your overall utilization below 30% as well if possible.  So, if you have 3 cards and only 1 is maxed out, then pay down the maxed out card and make your minimum payment on the others.  Hope this helps!

1 Contribution
0 People Helped

Clarificiation

Ill be glad to clearify. I typically use only my Discover card for my purchases throughout the month, then I pay the balance off in full at the end of the month. On the credit report it will show that I am making the payment on just one card. If I split my purchases between 3 different credit cards and I continue to pay the balance in full on all three credit cards the credit report will show me making on time payments on all 3 cards. Will making on time payments on 3 credit cards be better than just making on time payments on just the Discover?

Results 1-2 of 2Results 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.