Is it better to pay off your entire monthly balance, just the minimum, or somewhere in between?

Asked by Victor

2 Answers

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Answered by John Long, Mortgage Broker in Laguna Niguel, CA
It is my opinion that you should always pay the entire credit card balance in full. However, should a circumstance arise preventing you from paying the balance in full, I would suggest that you pay as much of the balance as you can and reduce the use of your credit card in order to save the additional money needed to pay the balance in full in the next billing cycle. | 09.02.15 @ 17:30
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 14:03
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Answered by Kamie
If you are able to pay the full amount every month then do so, it shows better scores to financial agencies for the future if you want to buy a house, get a loan or anything like that. | 09.03.15 @ 15:26
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$commenter.renderDisplayableName() — {comment} | 12.09.16 @ 14:03
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Answered by

John Long
John Long, Mortgage Broker in Laguna Niguel, CA

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