I am planning how to best use the sudden boost to my finances (thank you, Mr. nasty ca). I want to be debt free, so I am planning to pay off my revolving accounts. I also have an auto loan and a small installment loan at my cu, which I got because I wanted to build my credit generally and with the cu. SOOOO... should I pay off the revolving accounts completely, or is it better to have a small balance? They are less than 6 months old. Should I pay off the installment loan, or does it make any difference at all? It is also less than three months old. In Marie's great info from July, her friend said the balance on installment loans did not matter, but I have a score factor that says having an installment loan makes it look like you can't pay your bills. Any and all advice appreciated!!!
"I want to be debt free".......to also stay debt free I like this site, also may have advice desired on 2nd link. <http://www.simpleliving.net/default.asp> <http://www.simpleliving.net/discussion_boards/introduction.asp><http://www.simpleliving.net/discussion_boards/debt-board/default.asp>
