Does anyone know what’s better from a credit report/score standpoint?
I have two personal, unsecured loans with essentially the same terms with two different lenders. The two loans were each for $25k, current balance on each is $20k. I want to pay off $20k of the loans.
Is it better to pay $10k on each of the loans or $20k on one of the loans and pay that one loan off?
(This is purely a credit report question, there is no convenience benefit to me to only have one loan, I’m not trying to snowball debt or anything like that, and I’m not concerned about having two separate creditors in a bankruptcy or any of the other non-credit score reasons why it may be better to take one action over the other.)