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Old 08-29-2008, 03:33 AM
eplugplay eplugplay is offline
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Questions about credit ratio of debt not going over 30% of credit limit
I currently have a $4300 credit limit on my credit card and I have a debt of $2946 and decided not to use anymore.

My question is that if I pay off $1500 and that will put the debt down to around 30% would it help my credit score significantly and instantly or if I decide to first pay off $500 this month and gradually pay it off monthly of $200-$300 to eventually get to 30% over time, will that raise my credit score to the same as points if I paid off just $1500 in the beginning?

Or which is better or is it the same results in the end?


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Old 08-29-2008, 09:48 AM
Jeanie Jeanie is offline
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My advice is to pay all but 30% then keep paying on it..it is said to help credit scores this way!

Good Luck!

~Jeanie
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