Monthly Archives: January 2004

Financial Advice

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Ok, I’m seeking opinions here.

In the next month or so one of my credit cards will be paid off through my debt consolidation company. I spoke with them the other day, and they said that they will contact me after they send the final payment and ask me which card I want the money going to.

I’m trying to figure out which card it should be.

Do I go for one of the cards with a lower balance, getting it knocked off of my record quicker and eliminating another liability, or do I go for the cards that are high dollar and high interest? The third option I have is kind of half way in-between, but the card is several hundred dollars over the limit (thus showing quite poorly on my credit record).

So…I guess I should do this as a poll!!

Thanks for your input!