What to pay off first

[Anonymous]

Hi everybody,

 I have 2 choices, pay off 2 credit cards or pay off 2 collection accts and I'm wondering which to do first?

The 2 credit cards are;

card A- 400$ credit limit current balance $527

card B- 150$ credit limit current balance $287

**both overlimit but making current payments

The 2 collection accounts are:

acct A- $219 balance

acct B- $634 balance

Just wondering what the experts would recommend I do first and why.

Thanks!

Christine

[llecs]

Paying off your CCs will result in at least 50-70 pts, if you have no other CCs or other CCs w/ a balance showing. Being over the limit results in a large ding and any CC reporting above 9% results in a point loss. Pay one to $0 and the other to under 9%.

Paying off your CAs will result in 0 points, unless they accept a PFD first. Whether you owe $0 or $10,000, the damage to your score is the same.