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Posted in Paying Your Bills
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Question By
merrylamb

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Is it better to pay down on a card that is close to maxing out or pay off a lower dollar one?

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The one that is close to maxing out. Higher utilization rates hurt your score, pay that one off and take note as to how your score improves throughout the process. Your utilization rate is shared across all your lines of credit so it doesn't really matter if one card is in the Green while another is still in the Red. Also obviously you will have to pay more in interest on that card. 

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