I now have the money to pay off $10K in credit card debt.
20.9.2023 13:26
Looking for Advice - I now have the money to pay off $10K in credit card debt. What's next?
My credit score has dipped to around 650 after years of slowly increasing credit card debt, about $10K in total between 3 cards. All 3 balances are near the credit limits ($500, $2800 and $7500). After accepting a new job, I have the money to pay off all debt entirely. What's the best strategy from here?
Should I pay off all the cards immediately? Pay them off over time? What's the fastest way to increase my credit?
My credit score has dipped to around 650 after years of slowly increasing credit card debt, about $10K in total between 3 cards. All 3 balances are near the credit limits ($500, $2800 and $7500). After accepting a new job, I have the money to pay off all debt entirely. What's the best strategy from here?
Should I pay off all the cards immediately? Pay them off over time? What's the fastest way to increase my credit?