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jjl1958

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which is better- transfer High % cards to 1, or consolidate them into a low % loan?

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That is a good question...  It depends on your credit profile.  If you get a card you will keep the benifits of having that card after your done paying it off but till you do your utilization will still be high.  But the card will help your utilization after your done paying it off.  If you get a loan, your utiliztion will be good as soon as you pay off the cards.  You will also get a boost since you will be adding to your credit mix (10% of your score).  But no more utilization benifits after that.  You will want to be careful not to run up your cards again after paying them off.

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