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Updated over 9 years ago on . Most recent reply
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credit building
Hello people!! First of all let me tell my goal I'm trying to achieve. I have a few credit cards that have a large balance. I have the funds (cash) to pay them down. What I would like to know if I make large payments to each one is this a good way to raise my credit score? Or should I split the payments up to make simi-large payments. I want to try this strategy to raise my credit for my next property.
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I would say try to pay a fair amount on all, but concentrate on the smallest and get it paid off as soon as possible, then double up on the next lowest one. You might also look at what one has the highest interest rate for order on paying them off.