Debt Payoff Strategy to Improve Your Credit Score Fast!
Written by ABC AUDIO on May 10, 2022
Thinking about paying off debt, don’t know what debt to work on first? Use this debt payoff strategy to improve your credit score fast! https://CreditCEO.com
Paying off debt isn’t fun or easy, but it needs to be done. You’re probably looking for the best debt payoff strategy to help you increase your credit scores and do the right thing. Hint – DO NOT Pay debt collection accounts, this will not help your credit score.
The best debt that you can start paying off is your open, active credit card accounts, you want to get out of credit card debt. But, there’s a catch, you want to keep your credit card accounts open and active, you don’t want to close them.
When it comes to mortgage loans, car loans and installment debt, you can pay that off last, after you’ve paid off your high interest debt. Installment loans usually charge a majority of the interest in the beginning part of the loan. So you want to pay off larger chunks of your installment debt in the beginning of the loan, so you save the most money on your interest payments.
Don’t have a credit card or any debt? Or are you just starting to build your credit? Please watch this video about the 3 simple steps to build your credit fast – https://youtu.be/YbEUJiKErf8
Have questions about your credit? Want help with credit repair? Just reach out to schedule a free consultation:
https://CreditCEO.com
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