Credit Line Decreases?

[KingAdrock]

If you don't have much for income, pay off the cards with the highest interest rates first. Saving money is more important than raising your FICO, especially if money is tight.

[Anonymous]

I have been trying to sell things on ebay and craigslist and that's helping some. I figure it took me a year to get my balances this high it's probably going to take me at least that to get them lowered to where they need to be but I'm just going to keep chopping at it as I can. I have never missed a payment and don't plan on missing any. I hope Navy Fed hangs in there with me, they have always been so fair to me. My interest rates aren't good right now and I've thought about calling them and asking for a reduction but to afraid to rock the boat, don't want to look like I'm having trouble. Thanks again everyone.

[lkcrew426]

I will say that we were in a similar situation and actually used a NFCU consolidation loan to get everything more manageable. They have been wonderful to us. Don't be afraid to call them, IMO. My husband had a spinal cord injury and was out of work while I was in nursing school full time and they were very helpful to us. We never had any lates, but definitely high util, but so far have never had a CLD on our two cards with them. 

[score_building]

Without a doubt try to pay down the highest APRs first.

Would close FP as soon as paid off and before AF, you'll keep the age after clsure for up to 10 years, so don't worry about it being your 1st acct, as a fee harvester product it has to go asap.

The only other cards to consider closing once paid at this point are Merrick and possibly Target, would keep Target if will use it some.

Everything else has significant growth potential, once balances are in check and profile improves a bit and should remain open and active if possible.

[koalablue]

This is a 2 year old thread.