I have a high debt ratio but have the opportunity to bring that ratio more in line with an upcoming lump sum payment. Is it more favorable as far as the credit score is concerned to pay down my installment loans or revolving charges? Is it best to do this at once or preferred over a few months?
I still have work to do to bring my score up after the lump sum payment as I can not pay down all the debt but with the help of this forum and concentration I know it will happen
Thanks in advance for any and all help