Jimkennhyrpasmore
New Member
I'd really appreciate your insight, thoughts, and ideas on this.
I started my debt payoff journey around the beginning of April this year. So far, I've managed to pay.just under $4,000. Right now, I have just under $20,000 left in consumer debt. Almost all of it is already with collection agencies, except for one account.
I have about $30,000 coming in soon, and hopefully an extra paycheck in August. My big question is, would the best move be to just pay everything off in one go? Or should I pay off about half, and then chip away at the rest over time using the payment plans I've already set up with the collectors? I'm definitely going to pay off that one remaining credit card right away, but I'm not too sure about the rest that are already in collections.
Any tips, insights, or suggestions would be so helpful. I'd also love to hear any success stories about what worked for you in your own journey.
I started my debt payoff journey around the beginning of April this year. So far, I've managed to pay.just under $4,000. Right now, I have just under $20,000 left in consumer debt. Almost all of it is already with collection agencies, except for one account.
I have about $30,000 coming in soon, and hopefully an extra paycheck in August. My big question is, would the best move be to just pay everything off in one go? Or should I pay off about half, and then chip away at the rest over time using the payment plans I've already set up with the collectors? I'm definitely going to pay off that one remaining credit card right away, but I'm not too sure about the rest that are already in collections.
Any tips, insights, or suggestions would be so helpful. I'd also love to hear any success stories about what worked for you in your own journey.