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How much credit score can drop for making minimum payments?

Submitted by jowharis on Sun, 01/17/2021 - 18:02

Can you please tell me how much my credit score will drop if I make minimum payments on my credit cards for a couple of months?


The good news is your credit score won’t drop if you make the minimum payments on your credit cards for a couple of months.

This is the rule.

Submitted by Ryan Miller on Mon, 01/18/2021 - 03:59

Ryan Miller

( Posts: 249 | Credits: 2769 )

See, it is hard to say how much your credit score will drop when you make only minimum payments. When you make minimum payments, what happens is that your outstanding balance increases due to the compounding interests. And that increases the credit utilization ratio. The higher your credit utilization ratio, the lower your credit score.

Submitted by David Martin on Wed, 01/20/2021 - 02:07

David Martin

( Posts: 394 | Credits: 3933 )

Your credit score won't reduce by making minimum payments. But you will have to make hefty interest payments and it will take a considerable amount of time to repay your debts.
So, if you are facing problems with your credit card debt, feel free to call 800-DEBT-913 and immediate assistance.

Submitted by Craigh.terry on Sun, 01/24/2021 - 21:43


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