Which of these is the best to do?

Hanger_boy89

I have 3 credit cards that have outstanding balances on them. For the purposes of improving my credit score, would it be better to pay each one off in turn, or pay a little bit off each one at the same time? For example, instead of putting £250 on one card, would it be better to pay off £85 on each one if you understand what I mean?

bellaboo86

I'm not an expert but I would probably pay more off one first so I could reduce the number of cards on my file. I would look at the balances and the interest first. If I had one with say £500 on and 2 more with significantly higher amounts, I would pay that off first. Or if the amounts were the same, I would look at the interest and pay off the highest interest first.
Could you balance transfer most or all of the debt onto a o% card?

Hanger_boy89

Thanks for your opinion, I'm leaning the same way myself and thinking to pay off each one in turn. As for the consolidation, I considered this too but it would mean opening a new credit card and that would look bad on my credit score.

PeacefulWaters

Pay the minimum payment plus £1 on two of the cards.

Pay as much as you can to the most expensive card.

Focus on saving interest, not credit score.

Hanger_boy89

Thanks, I think I'll do that!

Dobbibill

Credit score is meaningless.

What you want is to create a reliable credit history, with a use card - pay off in full equation.

If you are running balances then as PW suggests, pay most off the debt that has the highest interest rate. When that has a zero balance, repeat with the next highest rate card until all are at zero.

Also address the reason you have balances on all your credit cards?
Without addressing it, you may find it happens again.