08-16-2007 07:57 AM
08-16-2007 08:04 AM
Good DAy! I just noticed that my Fico score dropped from a 720 to a 660 over a one year period due to (newly opened) high CC balances. I have two CC with balances approaching the CC limit. I know I need to bring both balances down, however, should I focus on one more than the other, or try to bring them both down at the same time. Please Help!!!
Do you have Microsoft Money? I would pay the one that is costing me the most down first. That can fluctate and cannot be determined solely by interest rate. Money has something called a debt reduction planner where you can give it the date you would llike to pay or plug in the amount you can dedicate to debt. It wll calculate the best payment plan for you. Not sure if quicken and the liek offer the same. I'm a Money-holic.
08-16-2007 08:10 AM
08-16-2007 01:02 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.