bill me later payment options?

Question

I have a 90 day bill me later statement..should I pay it all at once..or make some payments before the 90 days..will that look better on my credit report?

Answer 1

If you are able to pay it now then I would pay it in full, this will look good on your credit. If you need to use the 90 day option then pay a bit at a time you never know what 90 days from now will bring, a loss of a job or a severe medical condition or something else and then what if you are not able to pay it? then that would look bad on your credit

Answer 2

A 90 day payment plan doesn't do much for your credit. The credit bureaus want to see long term payment abilities. But you could throw the money in the bank for 90 days and make a couple bucks. Just be sure there isn't any interest during these 90 days.

Answer 3

If you still owe anything on the 90th day they usually tack on the interest to the balance calculated for the full amount. Make sure it is paid in full by the 89th day. Make sure you are dealing with one of those "90 days same as cash" deals. Read the fine print on the sales slip or contract.

Answer 4

here is something i learned recently about credit report. its not when you pay its how much you pay, everytime you make a payment in your credit history it maks down how much of the bill you have paid, so its better to pay it all at the same time.

Answer 5

Paying it all at once will make it look better. And if you can, go for it.