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Hello all - I was curious tonight if there is any correlation between how you pay off your credit card and credit score? For example, if you have a high utilization rate and want to pay it down, will your score go up more if you pay off the entire balance in one shot vs. pay it down in smaller amounts on a weekly basis? Or will the credit score go up the same amount regardless of how you pay it off? Thank you kindly in advance.
It's mean if your statement cut off time in 15th of every month ( this not the due date))).......you need to paid in maybe 2 or 3 days in advance........hoPE it help
@WJL wrote:Hello all - I was curious tonight if there is any correlation between how you pay off your credit card and credit score? For example, if you have a high utilization rate and want to pay it down, will your score go up more if you pay off the entire balance in one shot vs. pay it down in smaller amounts on a weekly basis? Or will the credit score go up the same amount regardless of how you pay it off? Thank you kindly in advance.
It changes when the new balances are reported to CB, using after the statement closes.