To improve my credit score am I better off paying a couple of credit cards in full and leaving higher balances on the rest or paying them all off in equal percentages?
However, be careful; your question was about improving your credit score. The key is to keep you balance below 30% of the balance. Paying higher interest rate credit cards will not increase your credit score. However the balance on those card will affect your score greatly. ------------ You would be best to pay more to those credit cards that have a higher interest rate. Don't miss payments on any card if you don't want to ruin your credit rating.
Other Credit Info:
The key is your utilization ratio on each credit card and for maximum calculation it should be below 30%. If you are interesting in using your credit in the short run it is NOT a good idea to close your accounts because your credit score will go down. Also you said that you will leave a balance and those accounts will automatically close if there is not activity on the card so I recommend that you spread the balance for optimum credit score. Below is a way of interpreting your credit score. Given the current credit score stats, how does this relate to your own personal score? Generally, if your score is higher than 660, you will be considered a good credit risk. If your score is below 620, then you might have a tougher time getting a loan. The following ratings explain the impact of the different score ranges: * 720-850 - Excellent - This represents the best score range and best financing terms. * 700-719 - Very Good - Qualifies a person for favorable financing. * 675-699 - Average - A score in this range will usually qualify for most loans. * 620-674 - Sub-prime - May still qualify, but will pay higher interest. * 560-619 - Risky - Will have trouble obtaining a loan. * 500-559 - Very Risky - Need to work on improving your rating.