Paying down my debt

[Anonymous]

I currently have $11,265 of revolving debt. My total revolving credit limit is $16,200 making my usage about 70% which I know is high. my debt is as follows:

Bofa cc - $2,450               cl $2800

Hsbc cc - $750                 cl $2800

Ge money - $1,165           cl $3500

Lowes - $400                    cl $500

Discover - $6,500              cl $6600

I have $7500 available to pay on accounts. What would you suggest gets paid and how much? I want to get my credit score above 750 which right now is 731. Thanks for your help.

[Lel]

Ideally, you'd want to get the number of account reporting balances down to less than half.  You can accomplish this by paying off the Lowe's card and two of the first three cards on your list.  Eventually you'll want to get your overall utilization down to 9% or lower.

Do you have an immediate need to get your score to 750?  Are you applying for new credit anytime soon?  If not, then you should considering paying off the accounts with the highest interest rates, rather than focusing on the number of accounts reporting balances.  By paying off the higher interest rate cards first, more of your future payments will go to prinicipal and less will go to interest.  You'd be able to pay down your balances faster.