Credit Card Payments to best increase score

[mrsbatch]

Greetings, hope everyone is well

I have  $1500  available to me to use to pay some of my cards

i am wondering what is best -- pay off one in full  or split up the money and give them all as much as i can?

I am sending all of the $100 per month, and i stopped using them,  they are not maxed out and do have

credit available..  Thank you for your advice

I have total of  five cards all with balances due

1.  balanace $1500

2. balance $900

3. balance  1400

4. balance $400

5. balance $380

[afbar1114]

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@mrsbatch wrote:

Greetings, hope everyone is well

I have  $1500  available to me to use to pay some of my cards

i am wondering what is best -- pay off one in full  or split up the money and give them all as much as i can?

I am sending all of the $100 per month, and i stopped using them,  they are not maxed out and do have

credit available..  Thank you for your advice

I have total of  five cards all with balances due

1.  balanace $1500

2. balance $900

3. balance  1400

4. balance $400

5. balance $380

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what are the limits? what type of card? APR? we need more info first

[distantarray]

pay the highest interest cards off first. in normal cases, if your planning a mortgage or a car loan in a couple months pay off the small accounts first since a $0 reporting will decrease monthly debt/income ratio. best to pay 1 things at a time then reducing the balances all across the board.

[armbenderc]

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@mrsbatch wrote:

Greetings, hope everyone is well

I have  $1500  available to me to use to pay some of my cards

i am wondering what is best -- pay off one in full  or split up the money and give them all as much as i can?

I am sending all of the $100 per month, and i stopped using them,  they are not maxed out and do have

credit available..  Thank you for your advice

I have total of  five cards all with balances due

1.  balanace $1500

2. balance $900

3. balance  1400

4. balance $400

5. balance $380

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Personally, I would PIF the little one, aka $400 and $380, then I would work on your 3 big one, the 1500, 1400, and 900.

Can they be BT to a card? So you'll only have one big payment.

I was in the same boat as you. I opened a card with 0% BT and put it all in one card. I went from 70% util to 48% and now 26% (this process took 1 year steady payment and not overnight)  will be 20% as soon as cap1 start reporting my balance.

I can be wrong.

[mrsbatch]

Thank you,  they are all   visa or MC   all have around  20.24% apr

1.  balanace $1500 limit 2000

2. balance $900  limit 1500

3. balance  1400 limit 1500

4. balance $400 limit 500

5. balance $380  limit 500

thank you

[mrsbatch]

thank you i had same idea but not sure

[distantarray]

btw the best way to raise your score is to be added as an AU to a really high credit limit card  

[mrsbatch]

no i cannot do BT,   few of them are "UNSECURED" -- they smaller ones

thanks I agree to pay off smaller

[mrsbatch]

forgive me   ... what is  AU?

[mrsbatch]

duh!!  LOL  authorized user...   i am these are my cards  only