Best to pay off credit card all at once or slowly over time?

My urrent FICO score is ~730. I just received a bonus and I want to pay off my sole (CitiBank) credit card with a significant balance. Should I pay it off all at once or would it be better to pay it off slowly over an extended period?

It really doesn't matter. If they're going to balance chase you they're going to balance chase you. You're not doing yourself any favors by keeping your utilization higher for a longer period of time. Short term high utilization generally isn't an issue but prolonged high utilization can lead to adverse action. richmcnutt wrote:
My urrent FICO score is ~730.Keep in mind that there are 3 CRA's and many FICO models. For a given model you probably have 3 scores (aside from the ones that are CRA-specific). For a given CRA you have multiple FICO's. The score that matters is whatever score (and CRA) the creditor pulls for you. See also the Understanding FICO Scoring subforum and its stickies. CreditGuyInDixie wrote:
There are a number of other things you can do to improve your score (long term). For example, in the long game you need more than one credit card. FICO views a profile with only one card as "thin."This. Lower utilization is generally better as long as you don't have all 0 balances reporting. Fewer balances are generally better. That's why the recommendation to only allow one balance to report at 10% or less (or $2 according to CB) is suggested for those looking to eke out every possible point when applying for new credit.

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Paying Off Credit Cards

Ok so I have about 70,000 in CC debt and I am about to pay off 50,000 of this debt this week but would like some insight on the best way to do so that will increase credit score. Should I pay off highest cards and still have about 11 cards all under 3000 or pay down cards to get debt ratio say under 20% on all cards? I kinda want to pay off all high balances which will knock out about 12 cards but will still leave some other cards with high utilization. Hopefully I will pay off other 20,000 in next year to get out of debt. Give me your thoughts...

HYPASS33 wrote:
Ok so I have about 70,000 in CC debt and I am about to pay off 50,000 of this debt this week but would like some insight on the best way to do so that will increase credit score. Should I pay off highest cards and still have about 11 cards all under 3000 or pay down cards to get debt ratio say under 20% on all cards? I kinda want to pay off all high balances which will knock out about 12 cards but will still leave some other cards with high utilization. Hopefully I will pay off other 20,000 in next year to get out of debt. Give me your thoughts...Good plan for the pay down. My own balances are down from $116k in 2009. With May and June payments this year, I crossed what I think are two major scoring levels:Total revolving balances went below 20% overall utilization on active/reporting cards (other closed cards and hidden Diners are not in this calculation)At the same time, the last of several individual accounts went just below 50%. Said another way, after mid-June, no individual revolving accounts were over 50% utilization. In June, as these were all coming together, my scores jumped up over a 4-week period:May 31: EQ=714 TU=727 EX=731July 8: EQ=756 TU=775 EX=765 So my recommendation is to try for that:No individual balances over 50% utilizationOverall utilization below 20%. Good luck!

PAID OFF CREDIT CARDS!! YAAY /ADVICE NEEDED

Just paid off credit cards today Navy Federal $881.57 (over limit)Navy Federal $686.92 (over limit)Navy Federal $873.41 (over limit and one 30 day late)Kay Jewelry $721.00 (one 30 day late)Open Sky Visa $162.00 (this account was charged off) Current Collections> How should I handle the remaining debt, any adviceCenterpoint utility bill for $149.00 dated 10/2006,Public Storage for $58.00 dated 01/2015 ~ Going to make a Payment today.Transtar Federal Credit Union dated $336.00 01/2010 (this was a secured account that was charged-off)ARS $1231.00 dated 05/2014 ~ This was fraud-someone used my insurance for an ambulance ride and ER visit...Obtained Police ReportCommonwealth (Utility Bill) $932.00 ~ Sent DV Letter (No Response with 30 days...I live in Texas)Conserve (University/School $867.00 06/01/2011 ~ Should I make arrangements? Will this change the date of the debt if I do so?Okinus (Furniture) $616.00 12/2009 (Reported only on Equifax)The Best Service (Bank Overdraft) $247.00 ~ Sent DV LetterMedical $494.00 07/2013 ~ Sent DV LetterMedical $215.00 09/2012 ~ Sent DV LetterCenturion $310.00 10/2014 ~ Sent DV Letter Current Scores as of today:Equifax 529Transunion 559Experian 542

creditstalker wrote:
Just paid off credit cards today Navy Federal $881.57 (over limit)Navy Federal $686.92 (over limit)Navy Federal $873.41 (over limit and one 30 day late)Kay Jewelry $721.00 (one 30 day late)Open Sky Visa $162.00 (this account was charged off) Current Collections> How should I handle the remaining debt, any adviceCenterpoint utility bill for $149.00 dated 10/2006, This would appear to be too old to report - verify the DoFD Public Storage for $58.00 dated 01/2015 ~ Going to make a Payment today. PFD? Transtar Federal Credit Union dated $336.00 01/2010 (this was a secured account that was charged-off) Revolving? if so it hurts your UTI%.... ARS $1231.00 dated 05/2014 ~ This was fraud-someone used my insurance for an ambulance ride and ER visit...Obtained Police Report Read FCRA 605B so you fully understand what docs to supply, as well as the CRA's obligation to exclude within 4 days or explain why they are not doing so. Commonwealth (Utility Bill) $932.00 ~ Sent DV Letter (No Response with 30 days...I live in Texas) Did you SPECIFICALLY reference the relevant Texas Financial Code, and list the individual requirements palced on the collector? Cause otherwise they are going to assume the DV is under FDCPA... Conserve (University/School $867.00 06/01/2011 ~ Should I make arrangements? Will this change the date of the debt if I do so? No, it will not change the date. Okinus (Furniture) $616.00 12/2009 (Reported only on Equifax) PFD? The Best Service (Bank Overdraft) $247.00 ~ Sent DV Letter See above for TX DVMedical $494.00 07/2013 ~ Sent DV Letter ^^^^Medical $215.00 09/2012 ~ Sent DV Letter ^^^^Centurion $310.00 10/2014 ~ Sent DV Letter ^^^^ Current Scores as of today:Equifax 529Transunion 559Experian 542

HT201359 Can I pay off my App Store past due balance from a game ex.(candy crush) using an iTunes card or do I have to pay via credit card/PayPal?

Can I pay off my App Store past due balance from a game ex.(candy crush) using an iTunes card or do I have to pay via credit card/PayPal?
I Have a past due balance from
buying gems from a game I played since my paypal account cant cover it I can no longer download any apps til the bill is paid I have already purchased an iTunes card that comes with redeem code. Did I buy the wrong card or is it possible to pay bill using itines card ?

Prepaid cards or gift certificates should clear the balance, yes. You could also put in a credit card to pay off the balance, then remove the card information once the balance has been cleared.
Regards.
Message was edited by: Dave Sawyer

HT5035 i have a credit on my account and itunes wont allow me to purchase any music with that credit. it keeps asking me to pay by credit card

i usually buy iTunes cards from the store, apply them to my account and let the balance sit until i feel like making a purchase. i have credit on my account but the iTunes store will not allow me to purchase using my credit. it keeps asking me to pay by credit card....any body know how to fix this?

Hey navymom77
To change the card information, all the steps are outline in the article below.
iTunes Store: Changing account information
http://support.apple.com/kb/ht1918
Thanks for using Apple Support Communities.
Regards,
-Norm G.

Payment comes off credit card not account when apps are brought

payment for apps comes off credit card insted of account

Go back into your iTunes account and set the credit card to none. As long as you have a card set, it will charge the card instead of credit on your account.

Purchase fail cause I used to pay by credit card

purchase fail cause I used to pay by credit card .Itunes card is danger, I don't like to pay with that method. Can iTunes gift card can't pay in-app ?

By 'purchase fail' you mean ... ? And 'iTunes card is danger' ? If you redeem iTunes gift cards onto your account then you should be able to make in-app purchases via your account's balance.

Cancel Incoming Payment (if Pay by credit card)

Hi..
I want to ask,
how to Cancel Incoming Payment (if pay by credit card), and incoming payment created one month ago..
If i create new incoming payment, and i cancel, it works..
But if i find old incoming payment, i cant cancel it
the error sounds: "one of the credits voucher was cashed".
any idea to solve this problem?
Thankyou for your help
regards

Hi Dony,
Issue is described in SAP Note 542274. I assume that mentioned credit voucher is overdue, and the settings in Administrations - System Initialization - General Settings - Sales tab, Submit Credit Vouchers is "Automatically". It means, that credit voucher is already deposited, you can check it in Banking - Deposits - Deposit - Cheques/Credit Card/Cash tab(It depends on the payment means of incoming payment).
It is not possible to cancel deposited credit vouchers, you must to
create a similar Incoming Payment with negative amounts and deposit it.
Regards,
Paul

How do I set up my iWeb site so customers can pay by credit card?

How do I set up my iWeb site so customers can pay by credit card?

The payment can be handled by PayPal, Google Checkout etc. Button codes are put on the sales page and you can hook up with any type of shopping cart.
This, and the following two pages, show an example of a website sales page, paypal and digital delivery via a shopping cart...
http://www.iwebformusicians.com/Internet-Music-Sell-Distribute/Website-Buy-Page. html
"I may receive some form of compensation, financial or otherwise, from my recommendation or link."

HT201303 What is this security code I am being asked for when paying by credit card?

I am asked for a security code when paying by credit card. What security code is this?

Do you mean the one on your credit card? That should be on the back of the card. It's either a three or four digit number. Generally displayed above where you sign the card.

HT201303 How to take off credit card info

How do I take off credit card info for iTunes

On your computer's iTunes you should be able to edit your payment info by going into the Store > View Account menu option and logging into your account, and on your account's details page there should be a payment link. If you are doing it on an iOS device (iPad, iPhone or iPod Touch) then try tapping on your id in Settings > iTunes & App Store (Settings > Store on iOS 5 and below) and selecting 'View Apple ID' on the popup - that should also give you a payments link on your account's page.
Changing payment info : http://support.apple.com/kb/HT1918
If you don't get the 'none' option then do you owe iTunes anything : http://support.apple.com/kb/TS5366 ?

HT204053 I am having problems confirming my entry info. I want to pay from my account and it wants me to pay by credit card. I want to pay by my gift card. I entered my code successfully and it wants me to submit my credit card info. Do I have to do that?

I am having trouble using my gift card to pay for a download. The prompt asks me to provide my credit card info. I do not want to pay by credit card so how do i respond ot that screen?

no, purchases are tied to your itunes account. you wont have to pay
-mvimp

When trying to buy a song a message tells me the Credit card feature is not working at this time but this has been going on for 4 days now. How can I fix this?

When trying to buy a song a message tells me the Credit card feature is not working at this time but this has been going on for 4 days now. How can I fix this?

turn your ipad off by holding the sleep wake button for 5 seconds and slide to turn off then turn it back on and the apps should be finished and if the apps didnt finish just redownload them

How do you purchase items off your wishlist all at once?

How do you purchase items off your wishlist all at once?

Unfortunately - with the built in mail app on the iPad - it is a "one at a time" process. There are other email apps - Group Email with Attachment, Group Mail are two such apps - that let you send to groups of contacts.

Your credit card information cannot be verified at this time.

After a dozen attempts (within a timespan of 24 hours) to purchase a book that I created using iPhoto, I continue to receive the error message, "Your credit card information cannot be verified at this time. Please try again." Of course, I verified my credit card a dozen times, checked to ensure that the information in my Apple account matched the billing address of my credit card (it does), and I even went into iTunes to make a test purchase using the same Apple account and credit card. Of course, the album purchase in iTunes went through just fine, but I still receive the "verify" error in iPhoto.
I contacted Apple and, after 40 minutes on the phone with a support tech who appeared to be instant messaging or emailing back and forth with another tech in the print department, no solution was reached. I have purchased books using iPhoto with the same Apple account and credit card at least ten times in the past with no problem. The tech on the phone indicated that problems like this have been more prevalent since Black Friday. At this point, it's anybody's guess, but I am still left unable to purchase and print several photo books that I spent a lot of time making in order to send as gifts for Christmas.

After some troubleshooting, it would appear that iPhoto doesn't like specific characters placed into the shipping address. Specifically, it doesn't like "℅" which I placed into one of my alternate shipping addresses. When I replaced the "℅" symbol with the words, "care of," my order got placed and confirmation received ... finally.
As a side note, I actually typed "c/o" and, upon pressing the space bar, iPhoto automatically changed it to the symbol "℅" ... so I'm not sure if it's the symbol that messed up the process or just the forward slash.

Best to pay off credit card all at once or slowly over time?

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