BT dilemna what to do

[privacyadvocate69]

You're paying $240/month (or so) in monthly interest right now. 

How much do you want to pay in monthly interest for the sake of a FICO score?

[SouthJamaica]

---

@althes wrote:

I have a BT card coming 15k to use.

Cards with balances.

4000/20000 26.99% monthly interest 95.00

1980/2500 25.99% monthly interest 40

2200/3500 25.00% monthly interest 45.00

2857/4000 28.99% monthly interest 60.00

Ok so how do I break this out.

I don't really want to go over 50% on the card, but I am thinking FICO be damned for a year.

Move as much as possible over but not enough to affect FICO too drastically.

---

So pay off the 3 smaller balances. That will give you 3 new zero balance accounts, which is good medicine, especially for your mortgage scores.

The $7037 balance on the BT card is under 50%.

Since you're going to have better aggregate revolving utilization with the added 15k account, and since you'll be knocking off 3 accounts which presently are > 50%, you can only see a gain here.

Then, after the dust settles, see how you feel about the 4k balance

[CreditCuriosity]

thankfully NFCU came with a nice limit and and a card that can be used for a BT vs. those predatory APR's you are being charged.  Thankfully you got a bit of luck on your side and have an "Exit Strategy" out of the outrageous APR's/interest.  I would put those high APR cards away if it was me until the BT is payed off.   Best of luck.