Pay off the 2 small balances, no need to carry those small balances paying that outrageous%
Preventing HALF a $100 more dollars from zeroing out 2 more small ($200) balance cards... That's 4 payments gone right there
Trick is to NOT run them up again, allowing the low utilization to further bump the score such that you can apply for a small $1500 PL with a Fixed Rate of % to take care of this nonsense w/o swimming in revolving B.S. %
Also ask for any SP cli you can get, simply to add utilization space again the 'pretty up' your profile to secure that PL or even a small LOC works
Not a CC app has you might not get a CL big enough but as far as PL $1500 is very small and all you need
Don't make the mistake of flipping out if the quoted rate 'looks' high...Whatever it's the amount you pay in DOLLARS that matter
A Fixed Rate gives you control, you see the Max you'd pay IF you kept the loan out the entire time but it's not your plan to sit back and actually take 24-36 months to pay it off you just
A) Want it OFF those revolving cards so the debt load STOPS growing, thus giving you room the ATTACK the debt in a meaningful way w/o it continuing morphing in size
B) Having all that debt of the CC helps the utilization, which of course helps your profile look better, which will lead to a better refi loan for the car note
*Please DON'T let the marketers STEAL all this 💰 from you over and over again
Don't chase 'cash back' on higher priced Exxon gas when you can't pay off your balances and wind up actually paying MORE 'because' of chasing rewards
It's a 'racket'
Lots of the things the marketers are TRAINING new to credit ppl to do is actually AIMED at more sophisticated mature card users NOT for new to the game BUILDERS but just like youngsters getting the liquor cabinet drinking ish they have no business drinking, get OUT of the mature credit game when you have baby CLs and not enough history to warrant playing at that speed.
Yes, these creditors will allow you to continue to shoot yourself slowly in the foot with these low level CLs and high as death march % rates driving right towards Bk and or just 'best' I can living'
Don't fall for the banana in the tail pipe
Chill out on card usage, don't apply for anymore cards allow these stuff to age, work on your budgeting, grow an emergency fund actually 2 emergency funds , one real emergency fund and a mini emergency ( quick cash fund) so life doesn't = hand to mouth as your 'normal'
It will only happen if you take CONTROL of this ish Now while the numbers are relatively small and manageable...Add a few more zeros and you're eff'd up for years behind nonsense like these
Take this as a thank goodness wake up call
You've got plenty of accounts let TIME do it's Magic for you
Btw once you secure your loan put that Credit One in a wood chipper
Best of Luck
