Help On Paying Off Credit Cards

Craig2009

Hi there new to this forum need some help from you experts out there -

I currently have 2 Credit Cards an Egg card and a Bank Of Scotland One Card
These are both maxed out £700 on the Egg card and £1200 on the One Card, for the past year ive just been paying the minimum amout off each month as ive been a student for the past 5 years but now i have just got myself a full time job i can afford to pay off £200 a month to each card, question is will this significantly improve my credit rating or does this take years to mend? I have yet to get a credit report as im afraid of the results to be honest!!
I am looking to get these paid off as quickly as possible then cancel them.

Sorry for the million and one questions at once but im sure someone out there will have a simple answer to this.

Cheers.

YorkshireBoy

Why does your credit rating need mending? Have you a history of missed/late payments?

Rather than paying £200 off each card, you should 'snowball', ie continue to make the minimum payment on each, but then throw all you can at the card with the highest APR.

Craig2009

Ive had a few late payments along the way when i was a student trying to pay them off, looking back i should have been more sensible and took a student loan instead, The One card is something stupid like 32% APR so maybe i should look at paying this off first, thanks for the advice