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Established Contributor
Posts: 683
Registered: ‎10-02-2007
0

Weekly Payments OK?

 

 

I use my Barclays Apple Financiing Visa for everything..they incresed my CL from 1700 to 3500 two days ago.

3500 is not quite high enough

 

So I charge like 900 at a time wait for that to post then pay it off

I usually do this once a week ...so 3600 in a month

 

This is ok and looks good right?

 

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
0

Re: Weekly Payments OK?

You can make as many payments as you like, any creditor likes seeing you can pay back your debts easily.



Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Regular Contributor
Posts: 369
Registered: ‎02-01-2010
0

Re: Weekly Payments OK?

They just want to get paid! Your weekly payments may end up being a good argument for a CLI.

Meg.

FICO: 03/2015 - TU 768 | EQ 783 | EX 775

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Established Contributor
Posts: 803
Registered: ‎05-16-2012
0

Re: Weekly Payments OK?

I do not think it matters. I know some have said that some creditors might think you have budgeting problems but I am not sure I agree. I pay my credit cards 2-4 times a month and I don't think it has made me look bad.

100% Ficos: EX 773 , TU 780, EQ 771 Inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-2/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $19,400~ Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Frequent Contributor
Posts: 342
Registered: ‎04-21-2012
0

Re: Weekly Payments OK?

Not a problem at all.  In fact I highly recommend it to keep you utilization lower on your statement date.  If you only paid once a month and you added 3400 of your 3500 CL you are going to look like you have a high utilization and this would lower your FICO score

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