Re: How Will Paying Off CC vs. Installmen
t Loans Affect Score?
12-01-2012 02:07 PM
agreed on paying CC debt down first. unless of course you have an high installment loan balance at 25% interest rate. It all depends on the APR for the CC and loan, if their within say 5% of ea other, pay down the CC, then work on the installment loan(s). As has been said in prev posts, this is the best way to raise your FICO score faster.