Comments on: What is my credit score going to be if I pay off the highest balance CC to avoid interest rate jump? http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/ Thu, 24 Jun 2010 11:12:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Soki http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/comment-page-1/#comment-1462 Soki Fri, 26 Mar 2010 19:30:50 +0000 http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/#comment-1462 I think i have not much idea about it for more knowledge visit best of luck . I think i have not much idea about it for more knowledge visit

best of luck .

]]> By: cashbackcards http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/comment-page-1/#comment-1461 cashbackcards Tue, 23 Mar 2010 14:17:58 +0000 http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/#comment-1461 I think Paying off your credit cards are a great way. And actually the best way to go about it is to pay the full amount monthly for all credits that you have. Though, with what you have. Go ahead and pay it off. Now closing the credit will affect your credit score. It would probably lower your score, but how much is the real question. Remember you can always apply for a new credit card and open another account. I think Paying off your credit cards are a great way. And actually the best way to go about it is to pay the full amount monthly for all credits that you have. Though, with what you have. Go ahead and pay it off. Now closing the credit will affect your credit score. It would probably lower your score, but how much is the real question. Remember you can always apply for a new credit card and open another account.

]]> By: Ryan M http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/comment-page-1/#comment-1459 Ryan M Mon, 22 Mar 2010 17:34:18 +0000 http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/#comment-1459 Closing one of your oldest cards will affect you NEGATIVELY in two ways: 1) It will reduce your amount of available credit, and 2) it will shorten your average length of credit. Why not just pay off the card, then NOT use it if you are worried about a rate hike??? Closing one of your oldest cards will affect you NEGATIVELY in two ways: 1) It will reduce your amount of available credit, and 2) it will shorten your average length of credit. Why not just pay off the card, then NOT use it if you are worried about a rate hike???

]]> By: timothy p http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/comment-page-1/#comment-1457 timothy p Sun, 21 Mar 2010 17:44:12 +0000 http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/#comment-1457 Why would you need to close it? If you don't carry a balance then the higher rate will not matter. If you are planning on closing it and then paying it off you will take a pretty big hit because you debt to available credit will be negative. If you are going to pay it off first, then close it you may lose a few points due to the average age of accounts. Most credit services provide simulation calculators to show what certain actions will do to your score. Why would you need to close it? If you don’t carry a balance then the higher rate will not matter.

If you are planning on closing it and then paying it off you will take a pretty big hit because you debt to available credit will be negative. If you are going to pay it off first, then close it you may lose a few points due to the average age of accounts. Most credit services provide simulation calculators to show what certain actions will do to your score.

]]> By: Yorky http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/comment-page-1/#comment-1455 Yorky Sun, 21 Mar 2010 12:50:31 +0000 http://www.klientbanku.swinoujscie.pl/2010/03/what-is-my-credit-score-going-to-be-if-i-pay-off-the-highest-balance-cc-to-avoid-interest-rate-jump/#comment-1455 Everything else being equal this should not make much difference. The overdraft on the other hand is a bigger issue. Everything else being equal this should not make much difference. The overdraft on the other hand is a bigger issue.

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