I am currently a college student who has managed to rack up about $3000 worth of credit card debt between the ages of 18 and 19. I'm interested in straightening up my credit score but will paying off the bills alone do it? Or are there also other steps I have to take?
2007-06-05 03:25:43 · 4 answers · asked by Tiffany C 1 in Business & Finance ➔ Credit
Pay the bills on time, every time, and try not to rack up any more debt. Pay off the card with either the highest intrest rate or the biggest balance first, (paying $5 over the minimum on any others) then use that money to pay off the next highest card. Keep doing this until the debt is paid off. Do not cancel the card. Do as someone else said and cut it up if you need to OR better yet, put it on ice. Literally. Put it in a container filled with water and freeze it. Keep it for emergencies.
2007-06-05 05:28:00 · answer #1 · answered by zippythejessi 7 · 2⤊ 0⤋
The best way to go about it is to pay more than the minimum balance they ask for. If they ask for $20 pay $50 or if you can more. The more you pay than the minimum it helps your score go up. Pay each month try not to miss a month. If your able to pay twice in a single month go ahead and do it. When you use you card don't go over the limit. Also try to use your card sparingly. Use it then pay what you can back.
2007-06-05 03:39:32 · answer #2 · answered by S.B. 3 · 1⤊ 0⤋
First, be sure that all payments are at least the minimum and on time. Pay off the highest interest charge card first, but DON'T cancel the card...just cut it up. You want to preserve your record of timely payments.
2007-06-05 03:31:07 · answer #3 · answered by tallandslimman 3 · 2⤊ 0⤋
pay off your debt and it 6 months to a year u will see a change
2007-06-05 06:05:10 · answer #4 · answered by shorty21 5 · 1⤊ 0⤋