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Expert Q&A

Will paying my bills way ahead of time intead of closer to the due date improve my credit score?


Related Topics: Debt and Credit
Related Tags: Credit Score, Credit
George Sleeman
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By George Sleeman - Tax Man To You, LLC
Answered 8 months ago

I do not believe paying them early by a few days will help. Pay late by a couple and it will hurt however.

The best way to imporve your score that I can think of is pay down any credit cards you have to about 25% of the allowed balance. However, FICO did change their scoring rules not so long ago and I am not a credit adviser.

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