Priorities to pay off or catch up?
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Ok, I asked a similar q, but need advice from another perspective:
I have several past due accounts on my credit report. Nothing is in danger of being repossessed. Which accounts can I pay from the choices below that will boost my score the fastest?
1. The OLDEST account that has a negative code
2. The past due account with the HIGHEST BALANCE
3. should I pay a past due car loan BEFORE a past due medical bill OR a past due store account? My bank is fine w me having the car a month or two past due. So, credit report wise, is it better for me to catch this up or to pay up #1 or #2 above?
Which of the three tactics produces the fastest boost to credit scores?
TIA
Priorities to pay off or catch up?The increase of your credit score should be the least of your worries.
First, do you have any money? I mean, if you lost your job today, how long could you survive with cash?
My first priority would be to get $500 in the bank if you don't have any money. I don't know the amounts of your debt, but I would guess that they're large enough that you won't be getting out of debt real soon.
Second, you should talk to all the creditors about your situation. You should develop a payment plan with each one. Some, like your bank, may be a little more forgiving than others.
Your credit score is dependent on how the creditors report each of your situations. Much of this is out of your control. Again, you need to work with each one to develop a plan to get them current, then paid off.
Scott....
Priorities to pay off or catch up?Any of these help?
http://personal-wealth.blogspot.com/
http://www.quazen.com/Home/Personal-Fina...
Priorities to pay off or catch up?look for the answer i give it to you before- i learned those from the layer who work with credit problems.
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