I pay 24.99% on a credit card carrying around $5,800 I also have a debt that went into collections for Around $2,000. Which should I pay off 1st? Which will hurt my credit worse?
Pay off debt in collections or high interest credit card first?
Keep paying minimum payments on the CC then use everything else to go toward collections.
Then the credit card.
Your credit isn%26#039;t too good now, but this will help it from getting worse.
Pay off debt in collections or high interest credit card first?
Pay the credit card debt first before it goes into collection. The debt that is in collection see if you could have the debt lowered.
For example, offer $1200 or whatever amount to pay the debt to the collector. It will be noted in the your credit file.
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