Reply
New Member
mielejam
Posts: 5
Registered: ‎08-25-2009
0

Re: How do I pay down my credit cards to better my FICO score?

[ Edited ]

I'm glad I came to look at your reply when I did!  I had a guy on the phone trying to get me on a "program" to consolidate my credit card debt - essentially closing my accounts to lower my interest rates.  That's not what I had in mind.  Then I read your post about how closing the accounts can hurt my credit - which is what I told him (he denied it), and then I backed away.  My plan works out better than what he offered, anyway...  :smileyhappy:  Thanks to all of your help, of course.

 

I believe my next step will be to pay above the minimums on each card (as always :smileyhappy:  ) and put any extra cash I have towards that nasty Discover card to take that out of the mix.  I've been averaging $50/each card + $75/MSUFCU each month.

 

I can't wait to see my credit score in the 700's again!

Message Edited by mielejam on 09-28-2009 11:53 AM

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}