Hope I used wisely....

[fishbjc]

Decided to pay off some cards,

Now:

cl/owed/current

Target 500 451 0

Sears 250 189 0

Macys 700 144 0

Kays 1500 89 0

BofA 2000 363 0

HSBC 1500 1500 650

Shell 250 269 0

Cap 1 500 363 0

Chase 10k 75k 2k

Chase 5300 4700 3k

Wal-Mart 700 690 455

All Unused

Care Credit 1500 / 0 / 0

4 Jewelry 7000 / 0 / 0

Firestone ~ PIF Aug/Sept 1000 500

JCPenney ~ PIF Aug/Sept 1000 800

Best Buy ~ 3100 / 2700 / Zero Interest

I've got 1,000 in my pocket...suggestions to pay off util??????  The plan is to get NFCU to pay off the two chase, which were actually student debt put onto mc/visa.  Interest is high, but s/b able to get that transferred over Oct/Nov. (hopefully)

[marty56]

If I have this right and everything else is goes through as planed is the question whether to use  1000 to pay down the Best Buy or the Walmart/HSBC combo.

If so then I would do the Walmart/HSBC combo.  My reason is that I did not see a score increase when I paid down my single reporting CC from 11% to 9% since total util was under 9%.  Your Best Buy has high util but it is my feeling the total util dominates single util and the Best Buy is at 0% so you would be saving money.  Also having a single CC reporting may help you on a MR or possibly with your TU score.

Anyway this is just IMHO.

[Cobweb]

I would pay the $455 Walmart to zero balance and put the remaining $545 on your #2 Chase card to get UTL below 50% on that one (plus your interest is high). Then I would pay down Best Buy to below 50% with the next windfall. Good luck with the NFCU/BT request in the Fall.

Message Edited by Cobweb on 07-07-2008 10:24 AM

[fishbjc]

Thanks Marty.  I'm not going to go for NFCU until I get util down.  That's killing the scores right now.

I believe I can pick off Chase by an additional 2k by then or pay off BestBuy.