Will paying only $50 on my credit cards hurt my credit score?

M

mathesonlawnzie

New Member
My New Year thought on my budget—what do you guys think if I only pay $50, not my minimum, on credit cards? Put the rest on a smaller card payment? Would it kill my credit score? Anyone did dis? I have (5)

•5k (min 220)
•3k (min 130)
•1k (min 25)
•8k (min 260)
•4k (min 146)

Thank you
 
No. Pay minimum on all. Put whatever extra you have on the smallest until it is paid off. Then keep paying minimums on all. Take what you would pay on the paid off debt. Put it on the next smallest. Continue these rollover payments until you are out of debt.
 
Horrible idea. Pay the minimums, and throw any extra money at the smallest debt. Once the debt is paid off, don’t use more than 30 percent of the available balance on a credit card and pay it off in full every month.
 
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