Questions

[dheather00]

Hello,

I have a couple of questions, that I was hoping someone could help me with.

1.  How accurate is the score stimulator on here?

2.  Is it best to focus on paying my highest credit card, and then the smaller ones?  Or the smaller ones first?

Thanks!

[Anonymous]

IMO, I would not put much faith in the simulator.  Too many variables when it comes to an actual score.

Can you list the balances and CL of the cards in question? 

[dheather00]

Below is the list of my cards with the balance and limits. My Apple Barclays has 0% interest until April 2014

Capital One Secured $200/$300
BB Rewardzone MC $335/$600
Loft $235/$350
Express $196/$350
Victoria Secret $286/$500
Apple Barclays $1625/$2000

My goal is to get a new car next summer, and I am staying in the garden until then! Thanks again for any advice!

[Anonymous]

None of them are maxed out which is a good thing.  Barclays is the nearest to being that way at 81%.

I would pay off the smallest balances first then use that money to pay off the next smallest, etc, until they are all paid.  Don't let them all report 0 balances.  All but one report 0, the other at 9% or below.

Keep making the minimum payments on the others while paying these off.

[dheather00]

Thanks for the advise! The process can be a little overwhelming starting out! These boards are a great resource!