No. of Recommendations: 3
Sorry for your troubles, but glad they caught it early.

As someone else has said - once a bill is sent to collection its usually 30-60-90 days past due with the original biller, and could already be effecting your credit. That doesn't mean you shouldn't still pay it, since not paying it will probably further effect your credit score.

Would it be possible for you to put any of these on a credit card, or do you think your credit is still good enough to open a low-interest credit card? Even if you pay interest while paying it down, IMO that's preferrable than having late bills effect your overall credit score if you can't pay $2,500 immediately.
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement