Help with my Credit Score (re:monthly payments)?
I have a question regarding my credit. I bought a ring for my girlfriend from kay jewelry's, it was around 160. I had cash but decided to apply for their credit card and pay monthly payments in order to help my credit. The minimum is 25$, and i pay 30$. Was this a foolish thing to do? My understanding is that if I pay this off to fast, it wont show on my credit report. Should I just pay the remainder off? Also, my EQUIFAX shows that I have debt, and my other account open is my Bank of America Student Visa, which I pay this off in full (around 400-800/month). So is this debt coming from kay? and is this bad?
Public Comments
- first if you pay it off fast it will help your score not hurt it and remember the the credit report agencies get there reports some times with a lag time of up to 60 days so things do not get posted over night!!!!
