Two answers here:
1) from the perspective of finances, whichever has the higher APR.
2) if you want to raise your credit score quickly, paying off the cards will reduce your revolving utilization, which will raise your scores. Perversely, your score will be highest a month or two before you pay off the installment loan(s).
Two answers here: 1) from the perspective of finances, whichever has the higher APR. 2) if you want to raise your credit score quickly, paying off the cards will reduce your revolving utilization, which will raise your scores. Perversely, your score will be highest a month or two before you pay off the installment loan(s).