is it better to have one high balance or a bunch of smaller balances.

[DI]

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@Anonymous wrote:

I am not getting a loan to pay off debt.  I am paying off debt in order to qualify for a refinance on my house.

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Oh...I'm sorry. I  misread your original post.   You really want to have $0 CC debt when planning to refinance.  That increases one's chances of getting the lowest rate. 

[Anonymous]

so is it better to pay all of the other cards off and have 2 cards at 45% untilization then to pay off all of the cards and have one card with 75% utilization? 

[Anonymous]

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@DI wrote:

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@Anonymous wrote:

I am not getting a loan to pay off debt.  I am paying off debt in order to qualify for a refinance on my house.

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Oh...I'm sorry. I  misread your original post.   You really want to have $0 CC debt when planning to refinance.  That increases one's chances of getting the lowest rate. 

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Carring a small balance (>10%) on one card can give you a slight FICO boost.  Are you saying that banks would rather see CC Debt at absolute zero instead of a 10-15 pt score lift?

Jon