Wednesday, October 21, 2009

Will my credit report be affected if I pay more than the minimum payment, but not the entire balance?

Will my credit report be affected if I pay more than the minimum payment, but not the entire balance?

Will my credit report be affected if I pay more than the minimum payment, but not the entire balance?
Since scoring in part is based on your account balances, and debt to credit ratio, the smaller the amount owed the better your score will be. So, it will only help if you add extra money to the payment.
Reply:Yes, your credit should get a little better.


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