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I had read before that your credit score suffers when there are balances that are above 80% of the available limit. We have about 25K in savings right now. If we use it, we'd pay off the remaining balances on our car loans (6K total) leaving us with another 19K. Is it better to take that money to pay off a card or two OR would it be better to spread that money out and bring each card below 80% of the credit limit? Does that make sense?

If I pay off two cards, I still have two that are maxed out. So I am unsure as to what the best plan of attack should be.

For various reasons, I am not looking at putting these cards into a dmp so I would really just like feedback on the best use of the cash we have. Thanks!

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