<prompt> Human: Need everyones advice. I have one credit card thats completely maxed out 3,000. put my school tuition and bought books on it. It has a crazy high interest rate 30. Right now Im saving all my money to pay off the credit card and I have about 1500 saved. My mom keeps on telling me to pay the minimum payment and then just pay the entire balance off all at once when I have all 3k since that will better my credit score... Should I do that? Or should I just pay 1500 right now and then continue on with what I can? Wouldnt that also lower my interest rate since it wont be 30 off of 3k?  <response>: Pay off what you can, now. The interest charges are insane and you will save real cash in your pocket if you do it. Do the math here: 