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  1. Good feedback, thanks everyone. I have outgrown many of them and have plenty of "good" cards now, but I will keep them open and just let them age. None charge an annual fee so it won't cost me anything. I just need to remember to use them. LOL Thanks so much.
  2. Hi, How much of a hit will your credit report take if you close a bunch (5+) of credit cards that you never use? I have a few that I know I will NEVER use again and instead of them being closed by the lender for non-use (which I've heard is possible), I'd rather close them on my own. Anyone have any thoughts on this? Thanks, Jen
  3. I think I have decided to pay off the Cap One Venture since it's just about maxed out and then the AA Mastercard as they are the two with the highest interest rates. I will also likely pay off Lowes and Old Navy (and maybe PayPal Credit) just to get them off the table. Do you think that is the way to go? Thank you so much. APR CC Type Balance Limit 20.99% AmEx Hilton $ 5,404.00 $ 14,500.00 24.74% Cap One Venture $ 19,925.00 $ 20,000.00 25.74% AA Mastercard $ 3,128.00 $ 4,000.00 16.99% Costco Visa $ 6,212.00 $ 6,500.00 21.65% Cap One Quicksilver $ 5,147.00 $ 10,000.00 PayPal Credit $ 1,935.00 $ 3,550.00 Old Navy Visa $ 1,100.00 $ 2,600.00 Lowes $ 654.71 $ 10,000.00
  4. Hello! I am looking for some advice regarding a credit card payoff that I'm trying to tackle. I have $43k in credit card debt spread across 8 credit cards. The highest balance is $19,925 on a card with a $20k limit. The interest alone on that card is $350/month and my minimum payment is just under $600/month. OUCH. I have $22k coming to me that I plan on using to pay down my credit cards. Over the course of the last few months, I have used my personal credit cards for work expenses so once I submit my expense reports, I will be getting just over $22k. Initially I was going to pay each credit card individually. For instance, on my AmEx, I used $5k in work expenses so I was going to pay off $5k and on my Visa I had $4k in work expenses so I was going to pay off $4k, etc. BUT, when I saw the interest charge on my Cap One Venture card along with the minimum payment, I thought that maybe I should use $20k and pay off that card entirely and then chip away at the rest little by little. What is the best way to tackle this? Should I pay off the cards with the smaller balances first and then chip away at the bigger ones or pay off the one GIANT and chip away at the smaller ones? I should be getting back roughly $22,952 and the credit card balances are broken down as follows: $ 5,404.00 $ 19,925.00 $ 3,128.00 $ 6,212.00 $ 5,147.00 $ 1,935.00 $ 1,100.00 $ 654.71 Thank you for your advice and opinions.

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