Who to pay first?
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|Sat, 09-01-2007 - 12:28pm|
Question!! Who do I pay?? I recently came into about 25k and I'm wondering who to pay, the accounts that are with Collection Agencies or the accounts that I still have active (some on payment plans).
Right now I have 3 accounts in collections
Capital One - 10k
Capital One - 5k
BOA - 8k
I also have the following accounts that I've been making payments on.
ATT Universal - 6k
Chase - 8k
In addition I have student loans totaling 61k that I have been paying.
I'm the validation stage with Collection Agencies and I have not been paying anything on them, does it make sense to pay the ATT Universal - 6k, Chase - 8k, BOA -8k off and save the $$ that I would be paying them monthly (about $800) towards some savings to pay off the collection agencies or do I try to settle for a lesser amount with the collections agencies?