I took the boards advice and "exercised" my credit. I have 3 cc, all with maxed balances. I have $2100 to pay towards 1, 2 or all 3 cc's. What should I do. All cards have the same APR which isn' good. 18.9 Prov Visa cl $2500 balance $2500 Prov MC cl $1k balance $900 Orchard MC $500 balance $485 How do I conquer this? Thanks.
TRY STARTING HERE...PAY IN FULL...don't use it and then call after one month and tell them the credit line is too low to use...see what happens... ----------------------------------------- Prov MC cl $1k balance $900
I agree with Bill. Pay off card #2 and 3 and use the remaining 700 to put on providian. right now you are at 3875 that's 97% usage, pay down by 2100, your total ratios drop to 44%, even though the first card usage is still high 72%, it still would look better to only have one card near the limit
Thanks Experts! I really don't know what I'd do if I didn't have you all. This board is the next best thing that happend to me...next to the birth of my children. ;o) So am I "exercising my credit"? Is this how it's done? After I pay it off, how long before I ask for an increase?