Chose to pay off debt with the 5,000 bonus. The alternative would have been to invest the amount.
In discussion 2, I chose to pay off debt with the 5,000 bonus. The alternative would have been to invest the amount. The first choice I made in paying off debt would have a small impact on the improvement of my credit score. The impact would be minimal though in the grand scale of how the credit score is built.
Using the scale, I would only impact 30% of my credit score and with the amount of debt to the amount of available credit, it would not make a great impact. (FICO Scores) Now, if I was to have more funds, then maybe it would make an impact,
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Answer preview to chose to pay off debt with the 5,000 bonus. The alternative would have been to invest the amount.
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