 TITLE: Which Debts Should I Pay Off First to Improve My Credit? CONTENT: Don't Forget About Installment Account Debt\n-------------------------------------------\nWhile paying down credit card debt could lead to a larger credit score increase than paying down an installment loan, you don't want to neglect your installment accounts. Missing loan payments could lead to fees, and late payments can hurt your credit scores.\nYou may also want to use a single payoff strategy, such as the debt avalanche or debt snowball method, for all your credit cards and installment accounts. Even if it means focusing on a high-rate loan before a credit card, the extra savings could be worth taking a less credit-score-focused approach. This will depend on your situation and whether you hope to take out a loan in the near future. Paying down credit card debt tends to have a more immediate positive impact on your credit scores. END