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Who to pay first?

Date: Fri, 06/16/2006 - 11:09

Submitted by kbluvscats
on Fri, 06/16/2006 - 11:09

Posts: 42 Credits: [Donate]

Total Replies: 6


Well I have already established that I need to get my medications before dealing with anyone else but I do have another concern. The last few months I have been sick and have let my credit card payments slide. I want to improve my credit rating by trying to catch up on paying them. But in the meantime I have four payday loans that I took out. There is only so much money to go around. Next month I will be in a better situation but for the remainder of this month I can only do so much. For this month I will only have enough money to pay either the payday loans or credit cards. Given these circumstances, which would you pay first?

Kathy


I read the similar query in this thread

http://www.debtconsolidationcare.com/forums/about11939.html

Like I suggested, prefer to use a small portion towards your payday loans and pay maximum amount towards the credit cards. The interest rates and finance charges will go higher on the balance amount. Try to keep it lower as much as possible.


lrhall41

Submitted by GunsNroses on Fri, 06/16/2006 - 12:34

( Posts: 485 | Credits: )