Which improves my rating more?

hanley91

Hi all,

Will paying off my credit card all in one go improve my score more or less than paying it in instalments? This may be a daft question but i thought paying in instalments might show companies some more stability?

Thanks in advance,

Ryan

[Deleted User]

Ignore the score.

Pay if off in full to save on interest. Then use regularly and pay off in full each month.

JimmyTheWig

I'd suggest pay it off in full.
Then use it for things that you would have bought anyway and put the money for them to one side.
Then pay it off in full, on time, each month when the statement comes in.

That way you show that you don't need to be borrowing money, you show that you can be stable and you won't pay interest.

Stevie_Palimo

JimmyTheWig wrote: »

I'd suggest pay it off in full.
Then use it for things that you would have bought anyway and put the money for them to one side.
Then pay it off in full, on time, each month when the statement comes in.

That way you show that you don't need to be borrowing money, you show that you can be stable and you won't pay interest.

Agree with the above completely, I have always done this and the only thing I noticed from not earning them any interest is that they are very slow at increasing the limits on my cards, I don't need to use them all of the time but always nice to have a buffer.