I have a few closed credit cards (consumer requested) that still have a high bal

I have a few closed credit cards (consumer requested) that still have a high balance? Actually all my cards have a high balance. Should I focus on paying off the open or closed cards first?

Best Answer

The closed ones are already on your credit report, keep the payments current but pay down the open ones first that shows the available credit to debt ratio

Asker's Rating:

That%26#039;s what I was looking for. Thanks to all that answered!

Other Answers (3)

• the one with the smallest balance. staying current then once that one is paid off then take what you were paying and add it to the next smallest balance and work your way up the food chain. It is called a debt snowball
• Good answer Folfer, just pay the accounts down/off, and then use the remaining money , for paying the other accounts.

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