Sign in to follow this  

Paying down credit card debt before applying for prequalify

Recommended Posts

I'm selling my home and will pay down some hefty credit card debt with money I make, however it will not pay it all down.


So my question is exactly what to pay prior to trying to prequalify to purchase my next home.


Should I pay everything down below 30% and keep severely minimum payments or pay all of the smaller balances to nothing and leave one card with a balance and thus only one monthly payment toward credit cards but where the balance may be over the "30%" that I've read about….


Thanks in advance!

  • Like 1

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this