10-04-2007 11:43 AM
10-04-2007 12:27 PM
Hello everyone , suppose you have 4 credit cards with a credit limit of $10K each ($40K total) and you owe near the limit on all four credit cards. Now suppose you are getting a bonus of $20K...I have the following question: is your FICO score better improved by completely paying off 2 of the credit cards (i.e. 2 credit cards are now at 100% paid and 2 credit cards are still at near 100% max) OR paying off 50% on all four credit cards (i.e. $5K for each so you now owe 50% still on all 4 credit cards). What would give me a bigger "bang for the buck" from a FICO score perspective...anyone's feedback is greatly appreciated...
10-04-2007 01:15 PM
10-07-2007 03:24 PM
10-07-2007 05:12 PM
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