Will double payments improve your credit?
I have a small mortgage on my home that costs me about $ 1000 a month. My credit score is approximately 685 and I was hoping to start pushing it up past the 700 mark. Somebody told me that if I have my electronic bill payment make two $ 500 payments every two weeks instead of a once-a-month $ 1000 payment that my credit could actually climb faster. Any thoughts?