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Originally Posted by Tidybuoy
I don't agree because it should only affect the credit rating if the accounts are closed. I would pay them off but not close the accounts (assuming they are revolving credit accounts).
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Sorry, I assumed that "pay off" meant closed. What you refer to (keeping them open) I mentioned in my first reply.
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I think the most important thing is to get them all paid off rather than worry about your credit rating.
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Absolutely. However, all things being equal as the OP mentioned, it wouldn't really matter how the $10k was distributed with regards to debt repayment. So, why not maximize the pay-downs to help heal your credit? In other words, if all of the cards are at or near their limits, it would be wise to pay them all down equally, as opposed to just paying down one to a zero balance, while leaving the other two at/near their limits (especially if the future intent is to keep making only the minimum payments).