Thursday, August 6, 2009

Not sure what to do with my tax refund?

I don%26#039;t know whether I should pay of my medical bills, there is one medical bill that is in collections for 400.00. I%26#039;m not sure if i should pay that off or should I put a big amount on my credit card that has a balance of around 2,300. I had did a tranfer balance on that card. since September of 07, and have a year to pay of balance with 0 interest, after that it goes to 10%. and so far I only paid 275.00 dollars. Do you think I should just pay the whole thing off.



Not sure what to do with my tax refund?

As far as I know if you have a bill in collection they will take your refund, so I don%26#039;t think you have a choice, at least not in the U.S.



Not sure what to do with my tax refund?

Why don%26#039;t you pay the $400.00 in collections before it reaks havoc on your credit score and apply the rest to your credit card. You have 7 months left of 0% interest, just start throwing as much as you can towards that and even if you don%26#039;t get the balance ALL the way down at least it will be 10% on a much smaller amount.



Not sure what to do with my tax refund?

Pay the $400 and as much as you can on the credit card.



Not sure what to do with my tax refund?

Pay off the medical bill and pay down your credit card bill.

No comments:

Post a Comment