Which to pay 1st.......

Date: Tue, 03/08/2011 - 16:58

Submitted by anonymous
on Tue, 03/08/2011 - 16:58

Posts: 202330 Credits: [Donate]

Total Replies: 3

[SIZE=3]Well I???m on the road to getting debt free ???.Paid 3 CC off and have agreements and making payments that I can afford to pay on 9 more???..The question I have is which debt do I start paying next. I have judgment for 4K that has been in place for 2 years and they haven???t garnished wages yet???.I have one credit card that sent proof that???s it???s a valid debt for 4K???and 3 more CC that I haven???t paid anything on in 3 years and owe about 10K on each. I???m thinking the Credit Card that sent proof that it???s valid. I feel the judgment I have against me that if I pay if then the other CC will see that and come after me???.Thoughts?[/SIZE]

I will suggest you to pay off the debt on which you have a judgm

I will suggest you to pay off the debt on which you have a judgment. Then you can think of paying off the credit card debts. You can even go for credit card consolidation in order to get rid of the debts.

lrhall41

Submitted by Anna Sweeting on Tue, 03/08/2011 - 19:43

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You might want to contact the creditor that holds the judgement

You might want to contact the creditor that holds the judgement and see if they will settle for less or set up monthly payments until the amount is settled. My daughter has a judgment from a law firm (unpaid legal expenses that her ex was supposed to pay) and she pays them monthly.

The creditors for cards you haven't paid in three years might be willing to settle for less. The agreements you currently have - are they hardship payment agreements or settlement agreements?

lrhall41

Submitted by aubrey on Wed, 03/09/2011 - 06:40

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Thanks for the advice. I'm worried if I contact the judgement pe

Thanks for the advice. I'm worried if I contact the judgement people they will think I have extra money and if I don't come agreement on a payment plan with them and will levy my wages which then wouldn't allow me to pay on my other credit cards that I've been paying on.

There is a mix...Two student loans I never stopped paying along with five of the credit cards. Two of cards I received a 0% for 5 years....The three I paid off I settled at avg of 30%

lrhall41

Submitted by anonymous on Wed, 03/09/2011 - 16:25

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