does paying a credit card in advance improve credit score?

I have a 9,000 debt on my cc and I send in about double of what the minimum payment is. My current credit score is 705 and Im 21. I want to improve the score since my credit used to be 725. so will paying in advance INCREASE MY CREdit score?

Public Comments

1. I don't believe that it does but the feeling you get from paying it down more quickly sure has benefits.
2. The more you lower your debt balance, the better your score. The ideal ratio is approx 20% of your credit limit. If you can reach this point with your credit card, then you'll have the perfect score, but at the moment, it will take time.
3. A big part of your credit score is the ratio of debt to availble credit limit. Anything over 30% kills your score. If you have $9,000 credit card debt, you need to be paying a lot more than double the minimum! Stop using those credit cards and start throwing every penny you can at that debt to get it paid off. You are wasting a lot of money on that high interest and with that much debt, you could find yourself in a lot of financial trouble very easily. Pay off those credit cards and only charge what you can afford to pay in full every month.
4. Yes it will help your score somewhat, but you will wait for a long time to see the increase! I would more than double your minimum payments because a percentage of your credit rating and score is based on how much credit you have and how much is used up! Go to my website because you will learn a lot from here and after I went through ID theft and bankruptcy I still got my score up from 486 to 730 in a little over a year, so this is something I know about! It would also take a long time to post everything you should know here and you will benefit from the "how credit scoring works" section too!
5. This is what makes up your score: 1. Payment history-35% 2. Total debt owed to available credit ratio-30% 3. Length of time establishing credit-15% 4. Types of credit established-10% 5. Inquiries and New accounts-10% What you need to understand is this: #1 #2 are affecting your credit the most. So, by knocking down that $9K balance would definitely help your score. Just make sure that you're paying on time.