What to pay down first?

[Rogue46]

I have 2 CCs with balances and I'm not sure which to deal with first my goal is to pay them both off but I want my score to stay as high as possible in the meantime.

Card 1 - Discover $3700 / $5300 / 0%

Card 2 - Lowe's $900 / $35k / 18%?

I only have $500 per week to throw at them and wanted to be smart about it. I initially screwed up by transferring a balance to the Discover card which tanked my scores so I'm trying to recover from that but paying interest on Lowe's isn't great either. 

Any help would be appreciated 

[Anonymous]

You should probably just pay the Lowe's card off: at 500/wk, that takes 2 weeks, and frees up a card reporting a balance, which should help

What would be the point of BT if you are still going to carry and not pay the high interest balances first?

[KLEXH25]

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@Rogue46 wrote:

I have 2 CCs with balances and I'm not sure which to deal with first my goal is to pay them both off but I want my score to stay as high as possible in the meantime.

Card 1 - Discover $3700 / $5300 / 0%

Card 2 - Lowe's $900 / $35k / 18%?

I only have $500 per week to throw at them and wanted to be smart about it. I initially screwed up by transferring a balance to the Discover card which tanked my scores so I'm trying to recover from that but paying interest on Lowe's isn't great either. 

Any help would be appreciated 

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If you can have the Lowe's card paid off in just 2-3 weeks, you might as well just pay that off first. 

As for scoring, do you have any other open credit cards? What are the limits of each? 

[KLEXH25]

Also, the Discover card is just a hair under 70%. If you can make a payment and get it under 68.9% before it reports again, you'll cross a utilization threshold and should gain back some points. 

[SouthJamaica]

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@Rogue46 wrote:

I have 2 CCs with balances and I'm not sure which to deal with first my goal is to pay them both off but I want my score to stay as high as possible in the meantime.

Card 1 - Discover $3700 / $5300 / 0%

Card 2 - Lowe's $900 / $35k / 18%?

I only have $500 per week to throw at them and wanted to be smart about it. I initially screwed up by transferring a balance to the Discover card which tanked my scores so I'm trying to recover from that but paying interest on Lowe's isn't great either. 

Any help would be appreciated 

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Well you have to decide what your priority is.

If it's scoring, paying the minimum plus something on Lowes account each month, and concentrate on reducing the Discover card balance to $1484 (28%)

If it's money, then do the opposite, get rid of Lowes, then start chipping away at Discover.