ST Alpha - "Applying for a mortgage later this year. Right now, I can tackle credit card debt or line of credit debt. What will look better?" (Reading a Post)

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Applying for a mortgage later this year. Right now, I can tackle credit card debt or line of credit debt. What will look better?

Posted by Name Withheld By Request (aka BlueKopo) Feb 24 '11, 08:19

I'd prefer to pay down CC debt due to the interest rate, but I'm told that as long as your CCs are under 50% of your balance, that the line of credit is actually the one to be more aggressive on.

Any first hand experience here?

Responses:

Pay down higher-interest debt first -- nm - znufrii Feb 24, 08:22
it's the future...pay down the interest and let the chips fall where they might in 6 months - Will Hunting Feb 24, 08:21

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Applying for a mortgage later this year. Right now, I can tackle credit card debt or line of credit debt. What will look better?

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