answersLogoWhite

0

Is paying off your credit card bad?

Updated: 9/11/2023
User Avatar

Wiki User

17y ago

Best Answer

Only if you OWN the credit card company. Credit card debt is a silent killer. Make the choice to carry ZERO credit card debt.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is paying off your credit card bad?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you pay off a credit card balance is it bad your my credit report?

not always, depends on your credit situation. keep using and paying off your credit card every month to improve your credit score


Where can I go if I have some credit card with bad credit?

Bad credit can be fixed by paying off everything. Using a credit fix isn't a solution and may actually harm your credit if the company isn't reputable.


Where can I learn how to quickly pay off my credit card debt?

Typically classes regarding paying off credit card debt are offered by community based organizations. The best bet for paying off credit card debt is to go see a credit couselor.


If a relative dies and you were paying their credit card debt for them and you are an authorized user of that card are you then responsible for paying off that card debt balance?

No.


How can you get a loan of 2000 with bad credit?

a big interst rate-any company will give you a card so if you have bad credit expect 28% interest attached per month paying it off


What actions would improve your credit score?

paying off your credit card bill


How can you get your credit card interest lowered?

By paying off the debt you owe


Can a debit card increase your credit score?

No, because it has nothing to do with keeping or paying off credit.


What are some tips on credit card bill payoff?

Some tips on paying off credit card bills include paying more than the monthly minimum, setting a budget, and consolidating debt. Experts agree that paying off the credit card with the highest interest rate is a good first goal.


If you pay off your credit card balance monthly will this help your credit and are you paying no interest?

Paying off you credit card balance helps you, yourself the most. but according the the fico score they like to see a small balance, for some reason its not good to pay off a card totaly, I have never understood this.


What reflects better on your credit report a zero balance on your credit card or buying something once a month and paying it off?

Buying something and paying it off. It shows the creditor that you are responsible and not a credit risk. Be aware though, you will be flooded with competing credit card company offers.


Where can one find information on paying off credit cards?

Information about paying off credit cards can be found on sites that deal with credit problems. There you can find places to go to to help pay off your credit card debt within your budget.