I have a friend that will be going over seas. She has alot of bills in collections at this point. She will have paid all of the accounts except about 3 that total about $5000 by next month. When She gets to those last 3, she wants to start putting a majority of her $$ in savings and start paying those last few items off later. Is this a good strategy or should she try to go ahead & knock the bills out, while putting a little in savings for now. Her main goal is to comeback & be able to start over, after not having a car, housing, etc. Will it hurt her credit to have those items sitting on there, even though she will be paying them in full after a few months or so. Right now she is paying all her current bills on time & will continue to do so. I think her biggest fear is to comeback w/ not enough cash saved to start over.
2007-08-11
11:13:51
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8 answers
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asked by
Charryse S
1
in
Personal Finance