Comments on: Whats the best way to pay off my first credit card bills?

By: stephenweinstein

stephenweinstein — Mon, 29 Dec 2008 18:25:59 +0000

Paying the bill in full will give you a good credit score.

So will paying just the minimum.

Neither of these will give you an excellent score immediately. To have a perfect credit score, you must have had credit for many years. There is no way around that, without a time machine.

Paying less than the minimum, or nothing, will give you a bad credit score, immediately.
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By: stan c

stan c — Mon, 29 Dec 2008 17:59:59 +0000

You got 2 goods answers. Usually your credit score will go up after 12 to 18 months of activity.
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Retired bill collector 35 years

By: Judy

Judy — Mon, 29 Dec 2008 17:21:59 +0000

I have 800+ rating.
I have never carried a balance on any credit card. and never paid a penny interest.
It is simply and old lady's myth that carrying balances increases your rating – just a myth.

Carrying balances can reduce your credit worthiness. Buy stuff you need like food or gas, and pay it in full.
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By: src50

src50 — Mon, 29 Dec 2008 16:56:59 +0000

Pay it off in full every month. Do not carry a balance.
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