New Member
Posts: 3
Registered: ‎01-04-2008
Small Credit Card Limits
I'm trying to clean up our credit and raise our FCIO score.  We have 1 credit card with a $2000 and two others with $1000.  All are about 24% - 50% used.  I heard that because they are low credit lines this is hurting us.  Does anyone know?  Should I close all, but one?
Also, I plan to pay off an auto loan in April and heard this will lower the score.  I don't know what to do.  We have low FCIO scores and I thought by paying off a loan would help.  Are we better off paying a new car?  Doesn't make sense, but I don't want to score to go down.