Posts Tagged Credit Card Balances
To boost my credit score is it better to use money to pay off a federal tax lien or credit debt?
Posted by admin in Credit Cards on December 29th, 2009
A.J. G asked:
I have some cash and want to improve my credit score. I have an IRS tax lien for about the same amount as my outstanding credit card balances. What would be a better action? Should I pay off the tax lien, currently on installment, or should I pay off credit card debt?
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I have some cash and want to improve my credit score. I have an IRS tax lien for about the same amount as my outstanding credit card balances. What would be a better action? Should I pay off the tax lien, currently on installment, or should I pay off credit card debt?
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How does consolidating credit debt effect a credit rating?
Posted by admin in Credit Cards on December 20th, 2009
MsNomer asked:
My credit rating is probably better than the average as I pay all my credit bills on time, but I’d like to consolidate all the debt for a lower interest rate, with an eye on paying it all off faster. Would it be better to pay off the balances individually than to consolidate? How will zero credit card balances effect my credit rating?
My credit rating is probably better than the average as I pay all my credit bills on time, but I’d like to consolidate all the debt for a lower interest rate, with an eye on paying it all off faster. Would it be better to pay off the balances individually than to consolidate? How will zero credit card balances effect my credit rating?
Any suggestions, and any recommended books, would be appreciated. Thank you!
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