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paying off cc

Established Member

paying off cc

with a cl of 5000 and a balance of 3800   is it better to improve score by paying 3500 at one time now or 700 a month for 5 months---the fico simulator is telling me 700/month but is that right ---thanks for the help
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Super Contributor

Re: paying off cc

More now is good.  The simulator adds both the effect of paying it off and assumes that would mean 7 more months of perfect payments and everything being 7 months older, and facors that into the equation.
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 3
Established Member

Re: paying off cc

ty
Message 3 of 3