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Tuesday, August 17, 2010

Quick Tip #2

If given the option to pay down a car loan or credit card debt, pay down your credit card debt.  Paying off a car or other installment loan will not give your score the boost you are looking for.  Pay down pay down your existing credit cards first, then make additional payments to your secured cards and make sure you pay off credit card in full balances each month before the statement drop date.

Just think of all the interest you are saving and put these savings to work by paying down your installment debt!

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The Federal Trade Commission requires that I disclose any relationship I may have between a product manufacturer or service provider when I write about a product or service.

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