Paying off credit cards to raise credit score

Submitted by Anonymous (not verified) on Tue, 08/26/2014 - 01:03

I have four credit cards with balances. None are maxed out. Two with larger balances and two with smaller balances. I can only pay off two with the smaller balances or one with the larger balance leaving three outstanding. Would I raise my credit score faster if I pay off the two with the smaller balances or would it be better for my credit score to pay off one of the larger ones?

creditrepairqueen (not verified)

For the best optimal results is to get your balances below 20% of your credit limits. Of course, it will take longer to get the larger limit credit cards down to 20%, so you should start with the smaller ones and work your way up and you will start to see a great increase in your credit score.

Sat, 01/31/2015 - 01:49 Permalink