Paying it in intallments will you give you credit history.

I found a new friend, when can we go shopping?? lol. j/k

For purposes of your credit score, it would probably be best to pay it off in installments. Or, in fact, it might be best to pay it down to about 1/3 of the credit limit and keep it there.

Your FICO score is strongly influence by the amount of credit you have *available* to you. So, if you have credit cards with a total combined credit limit of, say $30,000, but no balance on any of them, that's $30k of debt you can get into.

This would worry another lender, who would be concerned that if you used all those credit cars, you'd get into so much debt you wouldn't be able to pay back other obligations (e.g. a car loan).

Here are some other tips on how to best manage your credit score:

http://www.followsteph.com/News/Increase_Credit_Score.html

IF you can afford it ; I'd let it go for about a year or so ... at least SIX months ....

Just do not CLOSE the credit card account as if you have a large ammount of credit ; BUT you are not using it ... then your score is HIGHER .... +5

3 monthly you are rated on managing credit this builds pay history and shows good skills in managing and paying your bills

I would say do not pay it in full at one shot. Pay in installments. It gives a history. Also you can use 0% credi cards come your way and pay it off over a year or so. I use them all the time. It helps.

What's your credit limit? I'd pay it in full (and on time) to avoid finance/interest charges. The $6,000 will still be reported, but your card will show "paid as agreed" data points on your credit report when you pull it. It doesn't matter if you make the minimum payment or pay off in full. The card reports whatever your current balance is to the credit bureaus. Utilization (balance-to-limit ratio) comprises 30% of your FICO score and is best to be underneath 10%, regardless of what other people say. If you don't believe me, check out what the folks at Fair Isaac & Company have to say. http://www.myfico.com/ will give you some FICO basics, but the forums get into more specific discussions.

If you can, pay the balance down at once. Not only does it save you money, but roughly 30-35% of your credit rating is based on your debt to credit ratio. The closer to your limit the debt is, the lower your score.

Making periodic purchases and paying the balance in full each month is the best way to establish a long, successful credit history.

You should not base financial decisions on the potential effect of your FICO...

It is never wise to carry a balance on a credit card if you can pay it off. The financial damage of the excessive interest far outweighs the minor tick of your FICO score, based on the two choices.

Let your FICO follow your financial activity, not lead it. Overtime, you'll be better served.

If you have the $, pay it now. Don't worry to much about that rating. Everybody wants to lend you money these days.