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Is it bad to pay off all your debt at once?

  1. #1
    BeeReBuddy African Astronaut [pimp your due marabout]
    Usually when I do things that make sense in regards to money my credit score drops.
    I owe $850 some dollars and can pay it all off today but I dont want to hurt my credit.
  2. #2
    Originally posted by BeeReBuddy Usually when I do things that make sense in regards to money my credit score drops.
    I owe $850 some dollars and can pay it all off today but I dont want to hurt my credit.

    Pay off 800, you should always keep a small balance on credit cards as each monthly payment goes to your score and history...you don't have to pay interest, just use it a couple of times a month paying the oldest one monthly so you keep a balance but don't get charged interest on it.
    The following users say it would be alright if the author of this post didn't die in a fire!
  3. #3
    Kafka African Astronaut
    Just continue paying them as you would normally and save your money.
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