OK, it is just impossible to predict with this little amount of information...
So the line of credit has a $10K limit, and it's maxed out (all $10K has been pulled)? And the CC has a CL of $4K, and it's also maxed? And you have $7K to apply to your debt...
Do you know if the line of credit is reporting as revolving? (It probably is.) If so, you have two maxed out revolving accounts, and it's amazing that your scores are as good as they are.
You've proposed paying the card to 0% and the LOC to 70%. But another way of doing this is to pay $2K on the card and $5K on the LOC, bringing both of them to 50%. Normally we say that it's good to have some of your accounts at zero, but your credit is probably really "young", and I'll bet that you don't get much of a penalty. My gut feeling is that you would do better to get both down to 50%, and if you can put an extra $100 on the LOC to get it to $4,900, and an extra $40 on the CC to get it to 49%, that might be even better. But if you can get both accounts to stop being maxed out, you should pass 600 easily, unless you have some other ugliness on your reports.
Anyone else? how would you divide up this payment? And OP, please let me know if I read your post correctly. Plus, if you don't get much response on this thread, I can move it, but I think you'll start getting responses within the hour.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007