Been awhile: Back at it...Rebuilding 2022

[klott8612]

Hi Everyone, 

Its been a while since I last posted and many things have happened that have impacted my credit score; from hospital bills to maxed out cards when I wasn't working due to COVID. Trying to get back on the wagon and fix my credit. Currently, I just paid three of my cards, and I still owe 2400 in credit card debt....Would the snowball method work or should I look at AZEO? My goal is to get to a 650 this year if possible. 

Thanks for all the advice and help  

[simplegirl]

Your going to have to list out the cards and the limits. Plus are these open or closed cardS?

[klott8612]

First premier: 345/400

first premier: 620/700

credit one:169/300

self credit card: 1923/2200

blaze: 425 CO

kia finance: 26780 car loan 

the rest are medical bills 

[simplegirl]

I would say the snowball method would be a great option looking at how you have 2-3 cards near maxxed out.

[jrwa81]

I'd recommend the snowball method.  It's highly effective.  AZEO is very difficult to maintain for a lot of people and really isn't even necessary.  Just keep your utilization at no more than 10-15% and you'll be fine.  

[simplegirl]

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@jrwa81 wrote:

I'd recommend the snowball method.  It's highly effective.  AZEO is very difficult to maintain for a lot of people and really isn't even necessary.  Just keep your utilization at no more than 10-15% and you'll be fine.  

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Actually AZEO is necessary because a lot of lenders no matter what your applying for don't like to see a lot of accounts with balances. Especially if your applying for a credit card or mortgage and they see all your cards have a balance I know from persoanl experience as far as applying for credit cards.