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Pay Off Credit Card Debt While Improving FICO Score

Tuesday, May 21, 2013 - 4:00 PM
From Bankrate.com (in Boston.com):

http://www.bankrate.com/finance/c...-score.asp

For $5K credit card debt, I would take out the 0% Balance Transfer offer (for one-year; hopefully without transaction fee) and pay off my debt in one year.  To take out the 10% bank loan to increase FICO score is not a worthwhile option for me, since 10% is a pretty high rate in this low-interest rate climate.  It is too much a price to pay to improve one's FICO score; IMHO.
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51hh51hh1,461 posts since
Jan 16, 2010
Rep Points: 6,351
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