Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

I%26#039;m on a debt consolidation program and I pay the amount that I was qualified for. I%26#039;ve been with the program for a lil over a year and my credit score went up +30 points. Would it be better if I keep paying as I am or pay it off asap b/c I want my credit score to be able to recieve points like its doing now??

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

credit scores are based on more than a credit balance. how fast you pay off the debt is really more about the amount per month and your general finances. if possible, paying more and putting money to savings at the same time might be a better way to go.

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

The quicker the better. Always!!!!

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

pay it off as quick as you can

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

This is a good question and believe it or not is more complex than just pay it off quickly. I wrote a blog on this subject...check it out.

Would it be better to pay the credit card balance quickly or slowly if its on your credit report?

Always pay your debts as quickly as possible...as this reduces the interest you pay at the end of the day. Some credit purchase will have actually doubled in price by the time you pay it off on the lowest payable amount.