Comments on: Five Steps to Getting and Staying Out of Debt (Step 3) http://www.moneycrashers.com/five-steps-to-getting-and-staying-out-of-debt-step-3/?utm_source=rss&utm_medium=rss&utm_campaign=five-steps-to-getting-and-staying-out-of-debt-step-3 personal finance blog Sat, 21 Nov 2009 04:07:50 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Mountain Girl http://www.moneycrashers.com/five-steps-to-getting-and-staying-out-of-debt-step-3/comment-page-1/#comment-2286 Mountain Girl Thu, 13 Apr 2006 13:47:53 +0000 http://moneycrashers.com/?p=124#comment-2286 I understand your method and was doing the same thing myself until I found out that to improve your credit scores, it is better to spread out your push payment plan. Apparently, if you think you might need a mortgage soon, it's better to have four or five cards at 50% or less of the credit limit rather than a mix of zero-balance and high-balance cards. But the rules seem to change every day, so who knows ;) I understand your method and was doing the same thing myself until I found out that to improve your credit scores, it is better to spread out your push payment plan. Apparently, if you think you might need a mortgage soon, it’s better to have four or five cards at 50% or less of the credit limit rather than a mix of zero-balance and high-balance cards.

But the rules seem to change every day, so who knows ;)

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