Hi All,
Hope a few of you can help me. I'm trying to work on my credit profile, but need some guidance.
1) I got a ton of store and major CCs during an app spree back in 2015 that has since helped my credit score grow greatly, but I got in over my head with some emergencies and how have through the roof utilzation. I'd like to know what the best course of action to take is since I have about $700 to use to help jumpstart lowering my utilization. I know this is not much at all in the grand scheme, but I figure that it will at least help. My goal is to get everything down to 30% or less eventually. Which card / combination of cards should I use the $700 toward to help make the largest impact? Should I use the money to pay the entire BOA off, spread the money out among the higher balance cards, or use it toward lowering the lower balance cards under the 30% mark? I of course intend to keep paying down the balances, but I just want to get the best bang for my buck out of this $700. I should add that my intention here is to obtain an NFCU (I'm a member) or other CC where I can take advantage of a 0% interest rate special that will allow me to transfer the higher Cap1 balances and work on paying them down. The interest rate on the VentureOne / QS1 is keeping me at high minimum payments..which effectively erase themselves by the next month. Cap1 only lowers my interest rate temporarily and I still can't catch up. My only other thought for this is to improve my score enough to get a debt consolidation personal loan that will help me control payments.
Cap 1 VentureOne - $3300 balance --- 100% ut
Cap 1 QuicksilverOne - $2200 balance -- 100% ut
Cap1 Secured - $600 balance - $100% ut
BOA Secured - $600 balalnce - 100% ut
Walmart - $1500 balance - 100% ut
Amazon - $1200 balance - 100% ut
Macys - $1500 balance - $100 % ut
ExpressNext - $807 balance - 39% ut
2) I have a medical collection that I paid quite some time ago - over a year ago - to the OC, but the CA is still reporting the full balance due every month like clockwork. What is my best option to make the most impact?
3) I posted a previous question about judgements, but I have 3 judgements scheduled to drop off by the beginning of next year (2018). How might I find out if these have been updated every 90days
Any help or ideas...especially ones from a similar experience would be of great help.
The $700 is a one time thing. I wish it were monthly, I'd be able to take care of everything quickly. I've managed to keep the overage fees at bay. None are in a 0% period ...the interest it what's killing me.