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Pay CC managed by Conseling service or Unmanaged ones first?

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Anonymous
Not applicable

Pay CC managed by Conseling service or Unmanaged ones first?

Hello all, I am trying to decide what to do with my income tax refund.

My two options are below.

a) Pay of the remaining cards currently being mananged by a credit counseling service. I currently pay them 186 a month and they take 40 dollars a month processing fee for them selves.
b) Pay off 2 and half cards currently open and in good standing but are very close to there limits.

Which one will affect my credit score more? Any help will be greatly appreciated. Thank you
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fishbjc
Senior Contributor

Re: Pay CC managed by Conseling service or Unmanaged ones first?

I'm no expert, but I'd pay the ones with the higher interest first.  I'm assuming, like me, that your DMP is a low interest...my BofA cc is 4%.
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