Comment from Your_Star
Time February 19, 2010 at 11:33 am

pay em all off at once

Comment from USMCstingray
Time February 19, 2010 at 12:16 pm

pay them all off…
Hope that helps.

Comment from Janice L
Time February 19, 2010 at 12:24 pm

Pay them all off at once. It will reduce your debt to income ratio. You will also see on your credit report that this account was paid – that is the main thing the creditor cares about.

Comment from me1c01ciz
Time February 19, 2010 at 12:37 pm

1)

Comment from The Wraith of God is coming
Time February 19, 2010 at 1:30 pm

6 to 12 monthes that will help a lot, althought you will be paying interest,

you could pay in full and then use the cards as cash and pay in full each month, this means living in your means seriously or your credit will just get stomped again.

Comment from John Kouns
Time February 19, 2010 at 1:48 pm

6 months of consistent payments and staying consistent after that.

Comment from Rae
Time February 19, 2010 at 2:34 pm

at this point the debtors want it paid, so I say pay it all off now because whether or not your credit score improves what if something happens so you dont have that money anymore. That will preventing it from becoming even worse.

Comment from jasonheavilin
Time February 19, 2010 at 3:00 pm

Pay off the ones with high interest, then take no less than 6 months to pay off the other ones. If you do not have good financial discipline, then pay all of them off. Whichever one you choose to do, make sure to close some accounts so you do not easily fall in debt again

Comment from Amanda H
Time February 19, 2010 at 3:07 pm

Credit bureaus ONLY look at if you are “current/paid as agrees” each month. If you have 0 payment due, its the same thing as making your minimum payment.

Pay them off and be done with them– cut them up– but dont close them. Keeping them open and with 0 balances WILL help out your score.

Comment from sharrona
Time February 19, 2010 at 3:33 pm

I would consult with credit counselor. I doubt if I’d pay them off in one lump sum.

You really need professional advise.

Otherwise, you may end up in the same situation again.
No money, and re-charging.

Good luck

Comment from down2earth
Time February 19, 2010 at 4:08 pm

number 2 just double or triple your payments. this will do more for you then paying them off. good luck

Comment from katybeth212001
Time February 19, 2010 at 4:16 pm

Pay them all off. Then call and decrease your credit limit on all of them! This will help your score a lot.

Comment from cargrl
Time February 19, 2010 at 5:04 pm

Your second idea is best. It shows that you have a bit more of a consistence on payments. Banks like to see that more then things being paid off right away. It will show that you know how to budget.

Comment from brent o
Time February 19, 2010 at 6:03 pm

I hope this help you:

Credit Score Explained
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html