UnThreaded | Threaded | Whole Thread (26) | Ignore Thread Prev | Next
Author: SoccerDad9998 Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311074  
Subject: Re: Advice? Pay what first? Date: 9/5/2007 1:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 6
Welcome to the board.

You will get the best advice if you provide a complete picture. Here is a link to the information to provide: http://boards.fool.com/Message.asp?mid=25866881

Paying off your highest interest rate is usually the best move. But, you seem in a pinch and need to free up some cash, fast. The autos might be the answer or some of the other debt might be the answer. Provide the details and you will get some good advice.

I did not see anywhere in your post where you have stopped using credit (stopped digging a hole). I did not see where you have made efforts to cut expenses or increase income. If you find a way to get all the minimum payments made... what are you going to do to get all of this under control and start a debt pay-off plan?

Could you also share what you think the root problem is? Impulsive spending, can not stay within a budget, irregular income, medical expenses, job loss, etc...? Why have you lived beyond your means for 14 years?

If you will engage in the process here then I think you will get good advice and support. The more information the better the advice. The more you are open to suggestions the more likely you are to find a way to turn all of this around.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (26) | Ignore Thread Prev | Next


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.