Is it better to pay off newly delinquent credit cards or pay down balances on current, good standing cards?
Which would improve my credit score faster? I have some credit cards that went into delinquency, over 180 days and just recently placed with collection agencies. I also have credit cards that are not delinquent but do have high balances. Is it better for my score to pay down the balances or pay the delinquent cards?