Credit Cards

[drkaje]

Have a good BT offer, but some of the debt I want to consolidate is on a BillMeLater account about to hit the 6 month mark. I could pay down another account and improve score but that would mean eating the higher interest rate for a few months.

[CribDuchess]

I vote for saving money over saving/increasing score.  And, as you pay down the debt (albeit faster due to the 0%), your utility will go back down and any points you lost on your score should be regained.

[Revelate]

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drkaje wrote:

Have a good BT offer, but some of the debt I want to consolidate is on a BillMeLater account about to hit the 6 month mark. I could pay down another account and improve score but that would mean eating the higher interest rate for a few months.

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Save money if the interest rate isn't trivial.  FICO is instant in time and can be fixed later with no negative impact in this case; whereas money saved now, can meke a much larger difference later.

[Walt_K]

The answer is always money.  The only time the answer is score is if you have an application like an auto loan or mortgage coming up where you need extra points to get a better rate.  And you want that better rate to save money, so the answer is still money.

[Koop10010]

+1 for saving money.

[BlueNightStar]

Financial trumps score. Good financial decisions always benefit in the long term.

[Repo-ed]

+1 money

[DaveSignal]

+1 to all above.  Don't let all that interest get charged on your bill me later.  Pay it now.

[ztnjpv]

Save money. Do better. Isn't that the whole point...lest we forget??

[gettnthere]

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DaveSignal wrote:

+1 to all above.  Don't let all that interest get charged on your bill me later.  Pay it now.

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+1000. Always go for the money first