Installment Loan vs. Credit Card Debt

[Anonymous]

Hi everyone I was just wondering what would be the better move in this scenario to improve a fico score:

CC: CL=10000.00 /BAL=9800.00 interest rate 7.0% Monthly payment= 160.00

INSTALLMENT LOAN: 3900.00 interest rate 20.9% Monthly payment= 135.00

3800.00 cash available to put towards these debts

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?

[RobertEG]

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.

[Anonymous]

Thank for the relpy i was just curious about installment loans verses CC debt. I know fico sees them differantly and wasn't sure which one had more impact on the score.