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#1
05-23-2009, 07:53 PM
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The best way to establish credit
I need some advice in regards to paying off my credit card debt. I currently have a credit card with a major bank that has a balance of $4844 with 9% interest. My minimum payments every month are around $50. I just recently came into some money, just enough to cover this debt. As far as building credit, I was wondering if it's a better idea to pay it off outright, or to make significant monthly payments. I guess I have the option to make a large payment and continue to pay monthly, but I really have no idea which is better for credit. Any help would be greatly appreciated!! thanks!
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