Does making only minimum payments on credit cards hurt your credit?

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asked Jan 25, 2018 in Credit by Muktuk (320 points)
Does making only minimum payments on credit cards hurt your credit?

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answered Jan 28, 2018 by Shawn (99,990 points)
Paying only the minimum on your credit cards can impact two things on your credit rating and credit score such as your payment history and your utilization of credit but it should not lower your credit score just because you make only the minimum payments.

If you're making the minimum payments to the credit card company then it still counts as you paying your credit card bill as agreed by you when you signed up for the credit card.

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