Im not sure which is the best method should i use...... i have a chase credit card wtih a $1000 limit currently the bal is $885 and i have a old navy store card limit $290 current bal is $84, i have the funds to pay them both completely off bfore the accounts cycle this month. But im trying to buy a home i have repaired my credit to the best of ability having had mutiple collections accounts removed, i have one charge off account bal $0 paid as a settlement back in december 09, an auto loan which is current and has been since june 2009 (i did have a couple of 30 days lates back in jan thru may 2009, none since then), a student loan that's deffered, and two collections accounts that are paid just waiting to be updated and taken off per the CA. I keep hearing that bringing down my balances on my credit card is the fastest way to boost scores, so should i pay them both completely down to $0 now or over a period of like 2 to 3 months or should i leave some on both of them or one of them? Please help thanks
Scores as of 3/8- TU: 564 and EQ: 561
