Pay cards off in full or incrementally (situational not theoretical)

Valli

ic wrote: »

The times are close - I think this forum doesn't show an edit marker when you edit within a minute or two of the post. I always thought it was when you edited before anybody else had viewed the post - clearly not.

In which case I apologise!

chattychappy

Thrugelmir wrote: »

£319 million of credit card debt was written off in the first quarter of 2014.

But still a profitable business which depends on advancing credit to the many on the basis that only the few will default.

thenudeone

BigBoss wrote: »

My combined debt with these cards is £2286.81

In terms of savings, I have a total of £6520.

Should I pay the cards off in full immediately, or still in increments?

It's an absolute no brainer.
You should almost never be paying standard interest rate on borrowed credit card debts if you have accessible savings to pay them off.

In your case, you will be paying hundreds of pounds in interest a year which is worth a lot more than an intangible benefit of a slightly better or worse (depending on your view) credit reference agency file.