If the same creditor, you may not get to decide. Many companies simply apply

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Jul 1, 2015
10:34:46am

Real Men Wear Blue

If the same creditor, you may not get to decide. Many companies simply apply

payments to oldest debt first.

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Real Men Wear Blue

Bio page: Real Men Wear Blue
Joined: Jul 12, 2007
Last login: May 6, 2024
Total posts: 13,928 (229 FO)

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Messages

Author

Time

is it better to pay old or new debts first. same company holds all debts

v1k0u6

7/1/15 10:21am

Depends...

bayareafan1

7/1/15 10:31am

Whichever one has the highest interest rate or fees to pay back

Zenoch

7/1/15 10:32am

If the same creditor, you may not get to decide. Many companies simply apply

Real Men Wear Blue

7/1/15 10:34am

If your intent is to pay off one debt then apply that pmt to the next debt etc.

fulano

7/1/15 10:52am

Snowball Debt Payment does work.

SpiffCoug

7/1/15 10:53am

I never had the discipline to do it back when I was carrying lots of revolving

fulano

7/1/15 10:57am

focus all extra money on one at a time - typically lowest balance or highest

Jersey hunter

7/1/15 10:56am

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