I have terrible credit, made poor decisions in the past, obviously. I have collections and charge offs. I am slowly paying them down. Two of my larger debts, one a credit card at $3000, the other is a loan that I defaulted, they closed the account with a balance of just under $6000. I have two car loans. One car, the payoff is at $4000. Then a few collections all together totally about $3000.
Here is my dilemma. Which shoul I pay off? The credit card is closed, and I have been making payments. Not really wanting to put it on the priority list. The loan, they negotiated with me and will take $4000. On the other hand, I could pay off the car, which would free up $225 per month, and would also allow me to drop my insurance to liability. So, that would give me more funds for applying to other debt and put money on the loan.
My score is sub 600 at this time. I've raised it about 60 points the last year
My goal is to buy a house with the VA loan mid 2020.
What should I pay? I want to pay off the car, mainly to free up the funds. Makes sense, to me. I also want to get that loan taken care of.
Submitted March 18, 2019 at 12:41AM by yeahmorganyeah https://ift.tt/2HsjLP0
