I have always heard that it was smarter to pay the items with the highest interest rate first but how does that factor into your credit score? Would it help your score immensely to get that UTIL down to 30% and continue to pay the installment loan or vise versa?
apping spree or shopping spree...lesser of 2 evils???hmmm
These being the only two factors, and interest considerations aside, paying down your revolving %util from 98% to 60% will give you a much higher increase in FICO score than paying down the install %util. Revolving %util has a much more negative effect when it approaches maxing out than does install %util.