Best way to pay off credit cards to improve credit score?


Question by peersignal: Best way to pay off credit cards to improve credit score?
As a college student, I’ve racked up some credit card debt. I have never missed a payment, and have always paid at least $ 5-10 over the minimum amount. My grandfather recently passed away and he left me quite a large sum of money. What would be the best way to pay off these credit cards? Should I pay half one month, and then half the second month? The goal here is to a) settle my credit card debt, and b) improve my credit score. The inheritance money will be released to me monthly until the amount expires (around $ 500 a month for the next 10 years). Any guidance/suggestions are greatly appreciated.

Best answer:

Answer by fabrisgirl
Get them all consolidated into one debt and cut up your cards :)



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