I’m in kind of a weird situation… and have just recently purposefully gotten a few new trades to have a new car, furniture, computers, etc. so that they could be paid off (well not the car PIF- need to pay the other stuff to help my DTI) by the end of 2016 so that I could hopefully qualify for a mortgage after these are paid. So long story short, I have recent inquiries and several new accounts, and four 30 day lates on cc’s from May 2014 that I know all need TIME to fix (tried GW, got nowhere), I get that, BUT… for the things I plan to pay down on, what’s the best method of attack for order or amount? I mean I can’t pay everything at once, but maybe an extra $ 500/month?
Chase Freedom $ 523/ $ 2000 -0% until Sept 2016 – I plan to use this for groceries/gas and pay in full or close to it, monthly, so maybe ignore this one?
Barclaycard Visa with Apple Rewards $ 1070/$ 3200 0% for 17 months remaining
Conn’s Furniture and Appliances Store Card $ 2166/$ 3000 0% for 34 months remaining
Walmart Store Card $ 951/$ 3000
Amazon Prime Store Card $ 1774/$ 6000
eBay Mastercard $ 790/$ 2500
These are the big ones… I do have other cc’s as well, but they are at $ 0 or like less than $ 20 balances, so they aren’t a concern right now. I know those 0% ones are sooo good, but the high balances are keeping my score down. Ugh. Any suggestions on which things or how much I should pay each or the order? Pay the $ 500 all to one? A little here and there? Just curious if you’ve had experience with the different options here and the possible outcomes from trying this. (Yes, I do also have a car loan, a personal loan, and a student loan to pay down, but those aren’t really anything I can strategize, to my knowledge.)