paying credit cards off

[Anonymous]

I have $5000 to pay towards my credit cards and car loans.  I have about $40,000 in credit card debt. what is the best way to apply these payments to help my credit score the best?  pay off one large bill or pay off little ones. Do I even bother with the secured card loans?

[Anonymous]

Saving money is more important than improving scores. Pay down the cards that are costing you the most in interest charges.

[Anonymous]

I need to raise my score by 10 points the soonest I can so easy to lower it but raising is hard and long it seems

[Anonymous]

Any I pay off should I keep open or close them?

[JSS3]

Please list the cards, balances, and APRs.

[Anonymous]

I dont have APR's in front of me at this moment   (all cards for me and my wife)

citi $6833 payment $255 0% til paid off

citi $10,165 $130 month payment

chase $2850 

chase $2220

Bank America $14,487  $300 month payment

Bank American $5003   $100 month paymenyt

CreditOne $482

CreditOne $879

Walmary $457

Menards $2742

[Anonymous]

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@Anonymous wrote:

I dont have APR's in front of me at this moment   (all cards for me and my wife)

citi $6833 payment $255 0% til paid off

citi $10,165 $130 month payment

chase $2850 

chase $2220

Bank America $14,487  $300 month payment

Bank American $5003   $100 month paymenyt

CreditOne $482

CreditOne $879

Walmary $457

Menards $2742

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What are the limits on the cards? A big part of scoring is your utilization percentage. If you're close to maxed out, knocking down $5K on that high of balances will likely do nothing to improve your score.

[Anonymous]

citi $6833 payment $255 0% til paid off  closed account

citi $10,165 $130 month payment   closed account

chase $2850    closed  account

chase $2220   closed  account

Bank America $14,487  $  was $17,300 but they lowerd limit to $15,000 after I paid $3000 on it

Bank American $5003   $$6000

CreditOne $482      $1000

CreditOne $879      $2000

Walmary $457       $500

Menards $2742      $3600

[JSS3]

I'd knock out Walmart, Chase, and the two Credit Ones with the 5,000. Those are now zero'd out. I would then add the money saved from knocking out the 4 with the money I get a month; putting more on each card. Focusing heavily on the card with either the highest APR or the lowest balance so I could knock that out next.

Can you edit your post and provide the limits of each card? Wanna know individual utilization. Also, how much a month can you and your wife put towards just credit card payments?

[JSS3]

Cross with CAPTOOL. Was typing and didn't see his same request for the limits.