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Posted in Paying Your Bills
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Question By
Pattysuu

1 Contribution
0 People Helped
Reduce credit utilization percentage
Would I pay down high percentage used cards or pay off small balances

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Top Contributor
1884 Contributions
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My rule of thumb:

Always pay off lower balances that can be paid off in one payment first.  Then pay off the balance on the card wtih the highest percentage rate no matter the balance.  As balances are paid off then apply that extra money to make larger payments on the higher balances.  This will save you money in the long run.  

Good luck

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