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What will happen if I pay extra on some credit cards and default on one?

Submitted by Karrenlopez on Mon, 12/31/2018 - 23:00
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What will happen if I pay extra on some credit cards and default on one? Will my credit score remain same since I'm adding positive things as well?


Depends on your credit utilization ratio. If it doesn't make much difference to your credit utilization ratio, then there won't be a big difference in your credit score. If your credit utilization drops, then your score will go up. If your credit utilization ratio increase, then your credit score will go down.


Submitted by Nick Jonas on Tue, 01/01/2019 - 02:35

Nick Jonas

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Defaulting on one card is always a negative remark. So, instead of paying extra than the minimum payments, at first, make sure you're able to make at least the minimum payments on all cards.
However, you should always try to pay the entire balance on every card at every billing cycle.


Submitted by Mabelle Page on Thu, 01/03/2019 - 04:18

Mabelle Page

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Submitted by on Tue, 01/01/2019 - 12:52

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