Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
marcia4

0 Contributions
0 People Helped
Kohls card with 600$ balance 1000$ limit a $3000 balance on a chase freedom with 23.99% interest
Would it increase credit score to pay off kohls card today? Or smarter to pay 600$ on chase freedom?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
3 Contributions
0 People Helped

don't think it'll really effect it..

unless it'll bring you under 30% of the overal limit..me personally, I like to see zero balances. Then throw money at another one until it's at zero..

right now I have 4 cards and they all will be at zero by the end of the month :) worked lots of overtime to get em like that...if everything goes as planned. anyways..

it may be smarter to pay whatever has the highest interest rate and leave the other one on minimum payments until you zero the first one out.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.