topic Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP in General Credit Topics

NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

Lollipop33 — Sat, 07 Apr 2012 02:55:04 GMT

I know that you are supposed to pay off credit cards with the highest balance first but I owe back on taxes. I have approximately 10,000 in savings. I have a 5000.00 balance on one credit card and I owe about 5000.00 in taxes due to acruels and interest added. Do I need to pay off the taxes and just pay the minimum balance on my credit card until I pay off the taxes...Or do I just take my savings and pay everything off and start off from scratch building up my savings again...

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

laz98 — Sat, 07 Apr 2012 05:02:52 GMT

If it were me, I would take the money out of my savings to pay my taxes, & that's it. I'd continue paying my credit card the best I could, & keep the rest of my savings.

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

clocktick — Sun, 08 Apr 2012 14:45:39 GMT

I would definitely pay off the taxes immediately. As for the cc, I would try to negotiate a lower interest rate and pay off in chunks as best, and as fast, as I could.

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

Lollipop33 — Mon, 09 Apr 2012 21:00:31 GMT

Ok thanks..I think I am going to pay the taxes off...

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

marty56 — Mon, 09 Apr 2012 21:10:17 GMT

Yes the IRS is the last people you want to owe money to.

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

birjest — Tue, 10 Apr 2012 15:07:32 GMT

I CONCUR with everyone here. Don't become Wesely Snipes bunk mate....

Re: NEED HELP FIGURING OUT WHAT TO PAY OFF FIRST..? PLEASE HELP

Lollipop33 — Thu, 26 Apr 2012 17:40:08 GMT

thanks...that's funny not only him a few others as well