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Sorry for the long post, but let me try to word this as best I can. My main goal is to have the highest FICO score to get another house / mortgage and best rate. I am currently above 700 cause of no lates, etc. I am not close to 800 cause of the amount of debt.

The Data:

Second Mortgage HELOC 200K limit / balance, 6.375%, interest only payments

Citi MasterCard: 25,000, 0 Balance, card holder since 1993, now Fixed Purchase APR 5.99%
Chase MasterCard: 32,000, 0 Balance, card holder for 3 years, now Fixed APR of a little more

I recently closed on the HELOC, which they required payoff of the credit cards.


Debt Ratio on Credit Cards now is good, BUT overall Debt Ratio is still high, cause the money essentially moved from the CC's to the HELOC. Does it make sense to close any, or reduce their limits?

My HELOC is relatively high compared to the cc's, especially their balance transfer offers. Citi has given 0% for a year, Chase 1.99 for a year, or 4.99 till balances paid off, etc. Does it make any sense to use the BT to pay off some of the HELOC, even if temporarily?

Should I simply keep the CC's at 0 balances, use sparingly, and any cash attempt to pay off HELOC?

Bottom line is to improve FICO score, but of course, also to pay the least amount of interest to balances (I foresee keeping HELOC balances till I sell house or have some cash windfall or refinance)...
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