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Lv 6
? asked in Business & FinancePersonal Finance · 9 years ago

What should i start doing?

To make a long story short.

Due to me being sick, uninsured, and just plain bad luck for the past 4 years, i had to put hospital bills and medicines on credit cards, they were all closed when i was on a consolidation program i had to get off of due to be being unemployed and i couldn't afford to pay for it, now i cannot go back with most of the cards that i really preferred to be on the program, so i just pay 4 or the 6 cards (two are on programs with the company) higher then the minimum payments.

I have a best buy card that one of the zero financing will end this month unless i pay $352, but lately, since i had these closed account for such a long time i really want to start paying them off card by card. ( if you are wondering why i used my card it's b/c my computer of 4 years just died on me and no matter who saw it/ looked at it nothing was working, and i need my computer to pay bills and school)

So here is my question: Should i pay the $352 so i can continue getting zero financing for my other purchases or just put higher amounts of money lets say like $200+ on my lowest closed card and do that every pay day until each and every one is paid off while paying a little higher than the minimums with my open cards? Or i should just pay the $352 this month and just start paying down my cards next month since i am done paying for car insurance for maybe the next 2 months until it comes back up again?

Thank you!

1 Answer

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  • 9 years ago
    Favorite Answer

    I think you should stick with the zero finicing because it's been so long since you've had that debt, they may just close down your account once your done paying, thinking your going to make them wait four years again, besides, that debt isn't going anywheres so I advise being stable then dealing with earlier debt.

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