getting rid of my CC debt !

[Anonymous]

Hello just had a reality check and i need to pay all my debt asap so that my scores go back up again they Barclaycard sent me an updated that my credit went from 732 to 702.

out of all my cards here is what ive done

Amex gold: Paid 0 balance

Amex Green: Paid 0 balance

BOA Cash Rewards: 0 balance

Macys: Paid 0 balance

Discover: 308 balance left, which will get paid in two weeks when i get paid again. (0% int free)

CSP: 830 balance will send 600 dollars when i get paid in two weeks (had an emergency at home and had to whip out the CSP which was the only i was carrying.

Freedom: 900 balance will start paying it once the above cards have been paid. making a bit more than the min payments (0% int until nov.)

BarclaysCard: 2500 balance but it pays it self with the revenue i make from my youtube videos 18 months int free(making more than min payment to meet promo)

by atleast having 5 credit cards reporting a balance at 0 will that help my score bump again or atleast help who my score is looked at by lenders?

thanks ( im really stressed bout this but i have a plan and i believe thats important) the credit cards with 0 balance were paid this month too.

i should be getting rid of my cc debt in around 2 months. exept for my barclays which i will be paying slow

by atleast having 5 credit cards reporting a balance at 0 will that help my score bump again or atleast help who my score is looked at by lenders because before it was showing i was reporting a balance in all of them?

Going heavy on discover!!

[scorewatcher7]

definitely going from carrying a balance to $0 is a score booster. What is AAoA and what was overall util prior to payoff? 

[Anonymous]

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@scorewatcher7 wrote:

definitely going from carrying a balance to $0 is a score booster. What is AAoA and what was overall util prior to payoff? 

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According to credit karma my AAoAA is 1.3 years since all my cards were open last year except my BOA Cash rewards which was open on 2009. Prior to pay off my uti was around 35% and my overall credit limit is about 25k. 

[bdhu2001]

Paying down to 0 on 5 cards will definitely have a positive impact on your score.  Is there a reason you need your score to go back up right away? Utilization has no memory so all things being equal your score will recover as soon as you're back to previous utilization.  

[TruBlu]

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@Anonymous wrote:

Hello just had a reality check and i need to pay all my debt asap so that my scores go back up again they Barclaycard sent me an updated that my credit went from 732 to 702.

out of all my cards here is what ive done

Amex gold: Paid 0 balance

Amex Green: Paid 0 balance

BOA Cash Rewards: 0 balance

Macys: Paid 0 balance

Discover: 308 balance left, which will get paid in two weeks when i get paid again. (0% int free)

CSP: 830 balance will send 600 dollars when i get paid in two weeks (had an emergency at home and had to whip out the CSP which was the only i was carrying.

Freedom: 900 balance will start paying it once the above cards have been paid. making a bit more than the min payments (0% int until nov.)

BarclaysCard: 2500 balance but it pays it self with the revenue i make from my youtube videos 18 months int free(making more than min payment to meet promo)

by atleast having 5 credit cards reporting a balance at 0 will that help my score bump again or atleast help who my score is looked at by lenders?

thanks ( im really stressed bout this but i have a plan and i believe thats important) the credit cards with 0 balance were paid this month too.

i should be getting rid of my cc debt in around 2 months. exept for my barclays which i will be paying slow

by atleast having 5 credit cards reporting a balance at 0 will that help my score bump again or atleast help who my score is looked aNice t by lenders because before it was showing i was reporting a balance in all of them?

Going heavy on discover!!

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Nice work on paying it down. Should definitely see a rebound pretty quick. If you don't mind me asking, what kind of YouTube videos do you make?

[BUN]

😜 I love your well thought out plan! I am doing the same. Great job!!

[BearsAndTurtlesRtheBest]

Kudos to you.

[chalupaman]

Good luck dude! I'm currently getting my debt down as well and having less balances on my cards across the board.

[Anonymous]

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@bdhu2001 wrote:

Paying down to 0 on 5 cards will definitely have a positive impact on your score.  Is there a reason you need your score to go back up right away? Utilization has no memory so all things being equal your score will recover as soon as you're back to previous utilization.  

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i pay for my own school since i cant get financial aid due to a money market account which is money parents gave to me but i dont want to touch it. and because it stresses me to owe money 

[Anonymous]

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Nice work on paying it down. Should definitely see a rebound pretty quick. If you don't mind me asking, what kind of YouTube videos do you make?

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i do car videos tech videos explaining how to use apps, unboxing cases and things like that. its very far from perfect but it manages to generate some money. if you want to check it out i have 2 channels zapingosays and marlonbishop (second one is mainly spanish)