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digital76

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What has a better credit score impact - Paying down a credit card or paying off a loan?
I understand it's usually better to pay off higher interest credit cards first, but I'm curious which activity would benefit my immediate credit score more... Paying down a credit card by $3000 (but still having a couple thousand dollar balance, although reducing my total credit utilization), or paying off a $3000 personal loan, which has a lower interest rate, but it would be a loan that's paid-in-full?

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to impact your score imediatley

pay off as much as you can on the credit cards.  Your utilization rate has a more imediate impact on your score. 

You don't mention what your balances are on your cards or the loan, In general paying off the loan will have less of an immediate impact. You may also want to consider that there may fees associate with paying off the loan early as well. 

Good luck

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