Read through wiki and the avalanche method, my question ig is, how do I even go about organizing stuff. Is the appropriate way to go about this pulling my credit report and then trying to find out all the interest rates ect. I don't even really know for sure how much I owe and to who if I'm honest. I know alot of them are in collections from a really bad divorce where things went really sideways financially a few years back. How should I look I go about paying off in conjuction with creditors offering those lower pay X amount now and we will settle your account, I'm assuming that these save money when you are settling for hundreds less than what you owe, should I prioritize these? Should I attempt to negotiate lower rates or lower the amount I owe by contacting creditors before I begin to pay? Long story short, financially I'm kind of an idiot and only trying to take control of my financial mess finally that I have enough income where I can pay current cost of living and begin to pay off debts. I have various debts both in and out of collections from things like credit cards and old phone bills ect, as well as federal student loans, and have been reading up on what I can but still have some questions on where to start, I'm currently budgeting somewhere around 500-750$ a month depending on OT at work that I can use to pay down debt.
Submitted December 25, 2021 at 09:59AM by SkiesOnFire https://ift.tt/30W9aXM
