Re: Paying down CC balances..
...how much does it help?
04-12-2013 10:05 PM
it can be turned around once the new balances are updated with the CRAs.
if you have 5 CCs that are almost maxed out, it will affect your scores by quite a bit, even if overall util is low.
Also, I would be worrying more about FR from the lenders more than about the score, if I have 5 maxed out cards