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Posted: Sun Feb 24, 2008 5:59 pm Subject: Suggestions???

Not sure if this is the right place for this question but here goes:

I am just trying to figure out how to pay off the last 2 credit cards that I have. I have read different opinions and am just wondering what everyone else thinks.

Should I pay off my lowest debt off first (this debt is in collections and is not accuring interest) or should I concentrate on my big debt that is at 18% interest and with orginal creditor.

Any thoughts would be appreciated. Thanks.

Posted: Mon Feb 25, 2008 4:13 am Subject:

hi! i think you should start with your lowest debt first. you will also have the burden of one debt off your head. because you never know when the collection agencies start forcing you to pay up. so its better you pay them off first. next, you can slowly start paying up your larger debt. some one more knowledgeable will be soon here to help you. good luck!

Posted: Mon Feb 25, 2008 9:46 am Subject:

HI there spatterson...

(

Posted: Mon Feb 25, 2008 3:44 pm Subject:

Thanks for your advice. I am going to pay the smaller amount as soon as I can. I thought about it and I figured the faster I can pay that debt off the less stressful my life will be.

As far as the interest in collections, everytime the tell me how much I owe they tell me the same amount. There has been no mention of interest. Do you think they will come back later and tell me I owe more? I hope not.

Posted: Mon Feb 25, 2008 3:45 pm Subject:

Oh I forgot, I did get a letter from them that stated how much I owed and again, no mention of interest.

Posted: Mon Feb 25, 2008 3:57 pm Subject:

And this is a credit card in collections?

Posted: Mon Feb 25, 2008 7:15 pm Subject:

Yes, it is a discovery card that went into a collection agency. It is not reported on my credit report as a collection or anything so I am not sure if it still belongs to discovery. I tried to contact discovery and they told me to contact the collection agent regarding this account. I am really not sure how any of that works. I just want it to be paid off so I can put this behind me.

Posted: Tue Feb 26, 2008 6:46 am Subject:

Who is the collection agency?

Guest · Posted: Tue Feb 26, 2008 7:26 am Subject:

Spatterson - have you tried to negotiate a lesser amount on those cards?

Guest · Posted: Tue Feb 26, 2008 7:43 am Subject:

Yes I tried to settle and they told me discover will not settle for anything less than 100%. The collection agency is Zwicker. I have read all the bad things about them and I have already paid quit a bit to them. Thanks for all your good info.

Posted: Tue Feb 26, 2008 8:37 am Subject:

Opps - that was me above.

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