The answer to that question depends on how much interest you are paying and how much interest you are earning. Almost all of the time it is better to pay off your credit cards. But if you need to borrow for something else then you need to compare interest rates before you pay offthe credit cards. But ALMOST ALL of the time paying off a credit card and not paying interest is in your best interest.
NO. If you have bad credit, it will only be erased if you make it better. Paying bills on time, paying more than is due on payments and staying within your spending budget is a way to build your bad credit into good credit.
It can't hurt your credit. Most all cell phone providers do NOT report your good on-time payments but will report late payments.
Not necessarily or at all. Bad credit comes from having bills that one does not pay or always paying late such as car payments or rent. One can obtain good credit from always paying bills as well as paying them ontime.
Answer Paying a credit-card weekly or bi-weekly will not help your credit. The main advantages for doing something like this are to pay lower interest on a carried balance and to force yourself into an extra payment. Example: If you pay half of your monthly bill every 14 days, by the end of the year you will have made 26 payments - the equivalent of 13 monthly payments or one more than the 12 you would have made by sticking to the traditional bill schedule. (This is the same reason that making biweekly mortgage payments cuts a 30-year mortgage down to a 23-year mortgage.) To improve your credit via your credit card, the items to focus on are paying on time and maintaining a reasonable credit utilization rate.
Late payments will do it, so will missed payments. Exceeding your credit limit without authority and increasing your credit limit without paying off your existing balance will all affect your credit score. Managing credit responsibly means paying off your balance before using the facility again, and making the repayments in plenty of time for them to be credited to your account.
NO. If you have bad credit, it will only be erased if you make it better. Paying bills on time, paying more than is due on payments and staying within your spending budget is a way to build your bad credit into good credit.
Making monthly payments on a no interest loan is way better than paying it off in full if you are looking to improve your credit score.
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If the bills were overdue and you are making payments as the result of being 'dunned,' and the bills are not yet paid in full, it will reflect on your credit report.
No. Not if your name isn't on the loan.
It can't hurt your credit. Most all cell phone providers do NOT report your good on-time payments but will report late payments.
Not necessarily or at all. Bad credit comes from having bills that one does not pay or always paying late such as car payments or rent. One can obtain good credit from always paying bills as well as paying them ontime.
Late payments will do it, so will missed payments. Exceeding your credit limit without authority and increasing your credit limit without paying off your existing balance will all affect your credit score. Managing credit responsibly means paying off your balance before using the facility again, and making the repayments in plenty of time for them to be credited to your account.
Answer Paying a credit-card weekly or bi-weekly will not help your credit. The main advantages for doing something like this are to pay lower interest on a carried balance and to force yourself into an extra payment. Example: If you pay half of your monthly bill every 14 days, by the end of the year you will have made 26 payments - the equivalent of 13 monthly payments or one more than the 12 you would have made by sticking to the traditional bill schedule. (This is the same reason that making biweekly mortgage payments cuts a 30-year mortgage down to a 23-year mortgage.) To improve your credit via your credit card, the items to focus on are paying on time and maintaining a reasonable credit utilization rate.
There are many ways that someone can fix their credit. This includes paying off credit card debit, not missing payments and only opening a few credit cards.
To pay off debt yes, to make monthly payments no.
You can clear bad credit for good buy paying rent or car payments on time. You need to do this consistently for a few months to insure the clearing of bad credit.