Bi Business Posted January 2, 2008 Report Share Posted January 2, 2008 I have 1500 to apply towards my credit card balances. Would it be best to pay down #3 and #4 or just apply it all towards the much larger #5? In short, does your score increase based upon paying down a certain number of accounts or is it solely based on the overall utilization? Thanks in advance!!!CARDS IN GOOD CONDITION:1)500 limit...balance is now 1002)300 limit...balance is now 25MAXED OUT:3)1000....balance is now 9504)500...balance is now 4905)3000...balance is now 2970 Link to comment Share on other sites More sharing options...
sgip2000 Posted January 2, 2008 Report Share Posted January 2, 2008 Split it up over 3, 4, and 5. That'll put you at a lower utilization on all accounts. Link to comment Share on other sites More sharing options...
Krash Posted January 2, 2008 Report Share Posted January 2, 2008 i agree too........take the 37% and minus that from the CL and that can put you close to what you need to do, you are 98% or more on those cards, and you won't notice a over night change, it will take about a month or two because of how they report! Good luck.. If you throw in 165 more bucks then you should be able to get all those cards at 37 percent, I would do that if i had the extra!! 1100 on the big card, and 300 on the 1000 card, and 85 or so on the small one! Link to comment Share on other sites More sharing options...
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