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Making Multiple Payments Can Help Credit Scores

Dear Experian,

I tend to make more than one payment per month on my credit cards accounts. Will this raise my credit scores?

– STA

Dear STA,

The number of payments you make each month won’t help increase your credit score. But, the results of making more than one payment might.

The number of payments you make each month is not listed in your credit report, and credit scoring systems don’t take that into consideration.

However, two things are likely to happen when you make multiple payments each month. First, the minimum amount you owe will almost certainly be paid each month. That means you won’t have any late payments.

Second, by making multiple payments, you are likely paying more than the minimum due, which means your balances will decrease faster. On-time payments and low balances are key elements of good credit scores.

Thanks for asking.
The “Ask Experian” team

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