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What's the best or fastest way to pay off 5 credit card accounts with balance of $2000-$3000 each? Should I cut up the cards?

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  Answers  |  1

March 06, 2018

Pay off, or apply the funds to the card that has the highest required monthly payment first. Then work your way down, keep and use/payoff monthly a couple of the accounts so you maintain open and active credit lines. As it's better to have some open and active credit versus having you credit in the future should you want or need credit for a mortgage, a new car, etc.

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