Don't Throw Money Away Paying Down Your DebtJuly 29, 2016
There's no doubt that your credit score plays a very important role in your life. The amount of interest that you pay on your mortgage, car loan or credit card balances depends on your credit score. But what do you do if you're in urgent need of a loan and your score isn't high enough to help you qualify for the best rates?
Many people would try to tackle their debts head on in an effort to try and improve their score. However, what most individuals don't understand is that not all debt pay-offs are likely to have a significant impact on their credit report. Imagine paying off hundreds of dollars worth of debt, only to realize that your score has improved by just a few points! We're sharing a priority list of payoffs in order to help you increase your score in a relatively short period of time.
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