Should I pay my first installment for my taxes off with my credit card?

My installment is due on Dec 10th and i just don%26#039;t have all the money for the payment and the county will not accept a partial payment. Not to metion that anything after the the 1oth will be 10% increase. The payment is roughly 1125 and my limit is 1300 will this also bring my credit score down if I try and have it paid in six months.

Should I pay my first installment for my taxes off with my credit card?

I paid my property taxes with a check (from the credit card company) at a 5.9% rate. I didn%26#039;t have $1900 for mine and the $35 fee is less than the 10% I would have been charged.

If you have some of the money, you can use your credit card and pay that which you do have right away to the credit card company. IE- pay $1100 on credit card and mail $500 to the credit card company. This will help you get the balance down and not incur as much finance charge.

Don%26#039;t forget you have another property tax bill due again on April 10, so if you don%26#039;t have the first part paid off by then, you will be really behind.

You might consider having an impound done so you are sure you have the money already set aside in the future.

Should I pay my first installment for my taxes off with my credit card?

With years and years in the credit business:

If you charge this, it will affect your credit scores because it will show one card with a high balance to limit ratio. (86%)

However, usually the type of person who asks this kind of question (in my experience) is the type of person who has a 750 or higher credit score. That said, your score will barely feel a bump.

Also, an importantly, credit scores are based on the moment they are pulled. If, in 6 months, it is paid off your credit will be right back to where it is today.

You%26#039;ll need to weigh the cost of credit against the fee and what you have to pay. But I imagine you%26#039;ve already done that.

Best of luck!