1.6K views · 573 reactions | This is one way we could plan to pay off this credit card in 6 months! Their credit score should increase quickly as the balance on the card gets lower! #credit #score #tips #creditcard #card | Ashallaboutmoney | Facebook
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Do NOT pay off one credit card at a time if you’re working on increasing your credit score! There are multiple reasons for this… 1. The credit card companies can lower our credit limit, if you pay a large amount to one card, then they lower your limit, it will hurt your credit score. 2. Paying the balances on all of your credit cards is better for your credit score! Your credit score is calculated based on the overall AND individual utilization on each card! 3. It’s nice to see all debt balances
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