/ Register

What would be more beneficial?

Discussion in 'Credit Talk' started by thenonprop, Aug 22, 2008.

  1. Aug 22, 2008 #1
    thenonprop

    thenonprop New Member

    What would be more beneficial, pay a credit card that is $200 over limit or pay off a card that has a $200 balance?

    thanks,

    Chris
     
  3. Aug 22, 2008 #2
    jjgross

    jjgross Well-Known Member

    Pay off the overlimit your throwing 30 dollars a month away use the extra 30 dollars to pay on the 200 balance.
     
  4. Aug 25, 2008 #3
    jlynn

    jlynn Well-Known Member

    Being over the limit is said to be its own FICO point deduction as well.

    And as jgross stated, it would be a smart financial decision to get rid of the over limit fees. Regardless of FICO.

    There used to be a poster that has a quote "buy food not FICO!"
     
  5. Aug 25, 2008 #4
    Hedwig

    Hedwig Well-Known Member

    Good advice--pay off the overlimit first.
     

Share This Page