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It is better to pay the minimum to pay it off over time to improve credit score. It is always recommended. Be punctual about your loan payments don’t let it affect your credit score.
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This is absolutely not true. You should not go into debt or stay in debt any longer than necessary just to improve your credit score. The only thing that you accomplish by just paying the minimum is getting hosed on interest charges.Originally posted by landon.bruno View Post
If you really want to improve your credit score, get a credit card. Charge no more than 20% of the credit limit every month and pay it off in full every month. NEVER carry a balance. NEVER pay less than the full amount due. It is NOT necessary to have debt in order to build a credit score.Steve
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