Credit Card - Credit Score -Inputs Needed

[ChasingDreams]

Hi Friends

I have an 3500$ credit card and I used it all and have been paying minimum balance for the last 8 months or so .. Does this affect my credit score real bad or is it ok as i have been paying minimum balance.

Thanks in advance for your advices.

[suthivelu]

Help

[Yuva Nataratna]

Nothing wrong in having a debt if you pay the minimum payments on time...infact doing so will increase your credit rating....

[Yuvatha]

[quote name='ChasingDreams' timestamp='1382394806' post='1304446464']
Hi Friends

I have an 3500$ credit card and I used it all and have been paying minimum balance for the last 8 months or so .. Does this affect my credit score real bad or is it ok as i have been paying minimum balance.

Thanks in advance for your advices.
[/quote]
try to pay 100 extra on each payment rather than just the payment amount.

[Yuvatha]

[quote name='ChasingDreams' timestamp='1382394806' post='1304446464']
Hi Friends

I have an 3500$ credit card and I used it all and have been paying minimum balance for the last 8 months or so .. Does this affect my credit score real bad or is it ok as i have been paying minimum balance.

Thanks in advance for your advices.
[/quote]
try to pay 100 extra on each payment rather than just the payment amount.

[dallascowboys]

apply when you have 600 to 1000 balance ..because score peragadaniki chance untadi and approve ayina credit kuda ekuva untadi..

[afdbuser]

try to keep debit to credit ratio under 50%

[KillPolitcian]

below 50 % usage is always best.... 100% use chesi minimum kaduthunnav antey nee credit score thaggipodhhi chala early ga

[KillPolitcian]

[quote name='Yuva_Nataratna' timestamp='1382395033' post='1304446470']
Nothing wrong in having a debt if you pay the minimum payments on time...infact doing so will increase your credit rating....
[/quote]

em kadhu but credit score arm lick avudhhi... below 50% untey okay ... financials situation baleka pothey u can use 100%

[ChasingDreams]

Thank You All.!!!

[mukunda]

[quote name='ChasingDreams' timestamp='1382394806' post='1304446464']
Hi Friends

I have an 3500$ credit card and I used it all and have been paying minimum balance for the last 8 months or so .. Does this affect my credit score real bad or is it ok as i have been paying minimum balance.

Thanks in advance for your advices.
[/quote]

if u want above 760 score, then use only 35% of limit.....if you need all money then use 2 or 3 credit cards, but keep 35% limit.

for every 7 years, your score will recalculated based on monthly payments and credit ratio.

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