Managing my debt... - Toyota Yaris Forums

rningonfumes · 11-01-2009, 09:11 AM

No, paying off your credit cards (read unsecured debt) each month is best. It's when somone with a total of say 50k combined credit limit over 5 cards, they have at least used up 5k in each card but one and they decided to cancel the one they don't use. They just effed- up their debt to credit ratio by canceling that last good one.

Paying off student loans without any defaults, payment misses, early pay-offs will only make you look better.

You're able to pay monthly with little trouble, you just want input on the most efficient way to go about it?

11-01-2009, 09:11 AM	#14
rningonfumes Drives: Yaris Sedan 5MT Join Date: Oct 2008 Location: SoCal Posts: 865	No, paying off your credit cards (read unsecured debt) each month is best. It's when somone with a total of say 50k combined credit limit over 5 cards, they have at least used up 5k in each card but one and they decided to cancel the one they don't use. They just effed- up their debt to credit ratio by canceling that last good one. Paying off student loans without any defaults, payment misses, early pay-offs will only make you look better. You're able to pay monthly with little trouble, you just want input on the most efficient way to go about it? __________________

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