I have three accpunts.
Credit Union CC: 1200 balance; CL: 1500
Cap1: 175$; CL: 300
Line Of Credit: 450$; CL: 500
These are high. I've been working on baddies and I'm happy to say I'm almost done. I have one more left. Score will get better. But im ready to buckle down with these accounts. Which accounts should I take of first?
Essentially three things you can do:
1) If you want the quickest benefit to your scores, work on each of these simultaneously to get the utilization down
2) If you want to save the most on interest, pay off the highest interest rate balances first
3) If you want the quickest sense of accomplishment, pay off the lowest balances first. (also really good for your scores once cards start reporting $0.) I'd go with this option, personally. You don't have so much debt that the difference in interest would be that substantial if the smaller balances happen to be at better rates and it'd feel good to throw $175 at that Cap1 and have your first card paid completely off.