Which has more impact on your score a loan or credit cards?
Would it make more sense to pay off $2000 of credit card debt or $2000 of loan debt - To increase a credit score?
Asked by Jamie
Answered 7 months ago
Yes but my sister need to pay
Answered 6 months ago
It is always better to pay off credit card debt if thinking about increasing your credit score. However, if you are more concerned about saving money on interest then the loans would benefit you. Regardless of what you do, apply the money you'd be saving by paying off the accounts to the other ones.