What’s better to repair a credit score, pay off loans at once, or over time with

Tips and Deals Forums Improving Your Credit Score What’s better to repair a credit score, pay off loans at once, or over time with

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 3 months ago.

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    Anonymous

    monthly payments? We recently damaged our credit ratings. For decades, we’ve had scores in the high 700’s. Never, not paid off a loan and always paid bills in full, on time. Recently, we stopped paying our mortgage payments and are short selling our home. This has no doubt, damaged our credit scores! Now that we are done with the home sale, we can begin the repair process so…. what is better? Pay off our car loans and credit card all at once with a large one time payments? or Pay them off over time with monthly payments? Which will raise our scores the most and fastest?

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