Does anyone have any advice on what to pay down first to increase scores?

Does anyone have any advice on what to pay down first to increase scores?Does anyone have any advice on what to pay down first to increase scores?
Melvinmon asked 4 years ago

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.)

 

THANK YOU!!

 

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