Raise credit score?

Question

Whats better to raise credit score, paying off just one large amount or multiple small amounts of credit card debt?

Answer 1

its alot better if u pay one large amount for 2 reasons.
1- when a company look at credit score they look at payment history, it dosent show them the actual amount, all it shows is that if u paid the minimum or if u paid more then minimum, always pay more then minimum, because that help raise your score when every month you are paying more then minimum .
2- credit company's also look at debt ratio, example if u have a $1000 credit limit and have $900 used that would lower your credit score alot, i have read that u should keep over 50% of your credit avaiable and the more the better.
this is from my own experiance i had a credit with a $2000 balance and i paid it all off in one month which made my credit go up about 40 point, but latley i have more then 80% of all my credits used and that dropped my credit big time.
also any late payments drop your credit score quickly.

Answer 2

keep all accounts paid as agreed.

and when possible for you,
pay more on any one card but
pay it separately and ask that the
payment go strictly to principle.

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also you can not change the score
in any specific way. Credit scores
are hidden trade secrets and
no specific action will give you
any specific credit score response
or benefit.

but this odd fact exists; regardles
your score; if you pay starting today
all debts perfectly and stop all use of all cards, your credit scores will
go to their max level [number] within
5 yrs. HOW DO I KNOW?
Cause i am biz teacher and had to
go from 500 to 850.

Answer 3

To get the best results, ALL credit cards must be at LESS
than 50% of the total credit line. Payments must be made on time with no late payments.

Do not apply for any other credit or allow anyone to check your credit.