I had some cash stolen from me by somebody I am unable to/refuse to take authorized motion in opposition to for a variety of causes. I used to be quickly residing by myself for school and needed to prioritize spending based mostly on what little cash I had left over, and now I am in a scenario.
I’ve an account I needed to open for work on the automobile I exploit at $1100
I’ve a secured card I used for automobile repairs (for the automobile I left to my household whereas I used to be away) sitting at $1400 with a month-to-month fee at $49.
I’ve 2 accounts that lately went into collections: one sitting at $440 (at present paying off by plan), one other at $530 (fee possibility not obtainable but).
I am residing again at house, and now that I can lower your expenses and work extra hours I need to get a management on all this. I am guessing the collections challenge are a finished deal and whether or not I pay these in full or by fee, my credit score is screwed. Each of the accounts sitting on the $1k vary are being paid off with none downside.
I suppose my query is as follows: Would I be higher off paying my #3 money owed in full as quickly as potential? I am figuring I eliminate these, then fully repay debt #2 in bigger month-to-month funds, then decrease my credit score utlization on the secured card in debt #1 to maintain a constant debt fee for my credit score rating.
