Credit Card Payments to best increase score

[afbar1114]

---

@mrsbatch wrote:

Thank you,  they are all   visa or MC   all have around  20.24% apr

1.  balanace $1500 limit 2000

2. balance $900  limit 1500

3. balance  1400 limit 1500

4. balance $400 limit 500

5. balance $380  limit 500

thank you

---

i would try to pay to make them all less then 1/2 of the limit so pay:

1. 400

2.100

3.700

4.200

5. 150

i dont know if they add up to your amount you have but there is an idea of what you should do. 

[mrsbatch]

less than 1/2  is  a great idea  Thanks

[afbar1114]

---

@mrsbatch wrote:

less than 1/2  is  a great idea  Thanks

---

i gave you rough numbers but that 3rd one is within $100 if i am not mistaking and that one should be paid to at least half if you can. the $900 bal you can pay $200 abouts. but get your UTL below 50% if you can if you plan on apping. when i garden i dont worry about UTL at all. when i got my discover i had about 39% utl and i got a better card. 

[mrsbatch]

sorry for this question..     what is UTL????

[afbar1114]

your utilization of your credit. lets say you have 10k in total credit and you have $3k used your using 30% of your total credit. 

[youngandcreditwrthy]

Yeah... You need to pay the cards that have the highest utiluzation if you want to improve your fico...

What are the limits on these cards?!

[youngandcreditwrthy]

Oh nvm. Haha
If I were you:
I'd pay cards 4&5 completely off! (to free up cash flow)

Then pay $240 on each of the remaining cards.

780+720=1500.

And keep those cards active (charge a pack of gum every few months) never charge em up again. If they any fees, consider closing 'em.

Also, you might ask for clis to reduce utilization.

If you want to do a bt to a 0% card. I suggest the steps above BEFORE you app to increase your score.

[mrsbatch]

Thank You!!!!

[mrsbatch]

now i understand  Thanks again

[Dustink]

So some of these are secured cards? Pay off the secured cards, then use the deposit you get back to pay off the other cards.

Then never rack up debt on your cards again. Always pay your balance in full each month.