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Biggest boost to CR?

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Anonymous
Not applicable

Biggest boost to CR?

I currently have two Marcus Loans and am wondering which route would result in the better boost. Paying in full the 81% paid Loan, or using that Money to pay down the larger Loan at only 21% paid? My original plan was to put $2K towards the larger Loan, and totally paying off the smaller one. Just curious which route might gain a a better point increase, or if it even mattered.

Thanks.

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SouthJamaica
Mega Contributor

Re: Biggest boost to CR?


@Anonymous wrote:

I currently have two Marcus Loans and am wondering which route would result in the better boost. Paying in full the 81% paid Loan, or using that Money to pay down the larger Loan at only 21% paid? My original plan was to put $2K towards the larger Loan, and totally paying off the smaller one. Just curious which route might gain a a better point increase, or if it even mattered.

Thanks.


In FICO 8 you would gain the most points by paying them both down as far as you can but not down to zero.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




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