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in terms of credit score only! is it best to pay off all but one credit credit card or spread it around between all of them. Im cant pay off all my credit cards right now so i want to know what would be the way to approach this to have immediate impact on my credit.

2 Thoughts on i have a question about how your credit score will improve?
  1. Reply
    July 9, 2012 at 12:50 pm

    It doesn’t matter which ones you pay in what order. Your score will be based on Credit utilisation which means they total all of your available credit and work out a percentage figure of credit you have used.


    3 credit cards with 2k credit limit on each (6k)

    When they report your information to the credit agencies they report your current balance, assuming you have used 3k across all the cards your utilization would be 50 percent.

    You need to get the figure below 25 percent or your score drops.

    I subscribe to all 3 credit agencies in the UK, my score was poor because I always maxed my cards. When I got them below 5 percent 1 month my score increase 180 points.

    I get paid at the end of each month, I clear them in full. They update the credit agencies around the 5th to 10th of each month so basically I don’t use them once I have paid them until I see it update on my credit report. My scores are in excellent catergory each month as I play this system and it works.

  2. Reply
    July 9, 2012 at 1:49 pm

    There is only 1 way to improve a credit score. You must pay on time. As long as you pay the minimum due it will go up. It will go up a tad faster if you pay in full. The formula that is used to generate a score has built in checks to prevent people from manipulating it. You are not the first to try it. Concentrate on paying them on time, the advantage to paying in full is that you pay no interest charges.

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