You decide to charge your new cellphone on a credit card and pay it off immediately. Does this help or hurt your credit? Why or why not?

Question

asked Feb 1, 2022 7.7k views

2 Answers

Keegan Jay · Answer 1 · 2022-02-02T20:27:08+0000

Answer: It can hurt your credit.

Explanation: Having that bill can bring up your credit because you have something to put on your credit history.

Mtruesdell · Answer 2 · 2022-02-06T19:18:33+0000

Answer:

It would be better to make monthly payments on the phone because this will help build credit history, provided you make your payments on time

Step-by-step explanation: