How much does OTL account affect credit score
11-26-2012 04:09 PM
I'll be applying for a student loan through a private lender who only looks at Equifax. However, I'm worried that my credit score will be lower because one of my two credit card accounts is over the limit (OTL). Although I have made all minimum payments, I'm worried about utilization.
Credit card 1: 20% used
Credit card 2: 110% used
As of today I have enough cash to bring one of the accounts down by 10% and I was wondering which one is best to pay off first? Any other tips would be much appreciated.