Uncle_Money wrote:Hi Newark,There will be no Fico difference as your utilization will be lower either way so it doesn't matter. I would pay down the card with the higher APR first.I agree.
jmbfl wrote:I would worry a little more about your credit standing with your issuers and a little less about FICO. Issuers DO NOT like maxed out cards. Once you get both cards out of maxed status you can worry about which has the higher APR. For now divide up the money so you get both balances down.
marty56 wrote:If your goal is to get out debt (which it should), make minimum payment on CC#1 then put all the rest on CC#2. Once CC#2 is paid off, then attack CC#1. Dont worry about interest rates or FICO scores in that they will take card of themselves.You could also follow jmbfl's plan which is both CCC friendly and FICO friendly.
Message Edited by marty56 on 08-03-2008 08:44 AM