I need your advice on what I should do...

[Anonymous]

Sorry, I typed two huge messages, but Myfico wouldn't let me post either.  I had 2CC and an auto loan at the time I pulled my scores 707EX 706TU and 727EQ.  I got dinged for having too many accounts with balances, and account history.  At the time they were pulled, all 3 were reporting a balance.  Should I pay off one of the CC in full each month, or both to prevent that ding?  The reports show a balance less than 1% util.  Should I pay off my Jeep early so I won't have that balance?  BTW my EQ isn't reporting the Jeep, that makes me wonder if I'm better off just paying it off, hell I got the 727 without it.  Also I purchased a home with a 1st/2nd mortgage, and I'm concerned that I'll get dinged again because they are two new accounts with balances, should I try and pay off the 2nd mortgage in full ASAP to prevent this?  I would like to know the best route to go.  Again, all I have right now is 1 dept CC, 1 Credit union CC, an auto loan, and 1st/2nd mortgage.  What would be the best way to go?  Thanks!

[Anonymous]

Yep- pay one of the CC's off in full so it does not report a balance to improve your score a few points-

Beyond paying your CC's in full and doing what make the best $ sense- don't over work FICO-

It will like seeing than mortgage in a few months-

it already likes your low UTL

Just keep paying ontime- don't carry balances, have an Emergency fund- then pay the highest interest rate debt.

[Anonymous]

Okay, so I should pay both CC's in full each month?  I know my Visa reports on the 25th, so that won't be an issue to workout the timing.  I've asked Sears several times and they can't give me a date.  I thought about just buying something and waiting a day or two to pay it off.  I don't really have any high interest debt, probably the highest is the auto loan at 6.25%  I'm going to wait around two months, repull my scores, and see where I'm at.  By then RE loans should be reported with about 4mo history, and I think that will give me a better idea of where I'm at.  I think I'm worrying a little too much about it right now.