Would it be best for me to pay half of all my bills or pay one off then go to next one?

Question

Trying to get information about paying off bills......should I pay half on all (if money is right) or pay off one then continue to the next and so on....any information on this would help.

THANKS

Answer 1

that is half right -- but on the ones that do not get the maximum amount of money at least pay the balance due!!!

start with the highest interest and work down!!!

Answer 2

First, make at least the minimum payment on everything to avoid late fees and penalties. Then pay the ones with the highest interest rate. Alternatively, if there are little ones, pay them to get rid of the aggravation.

Answer 3

I would pay off one bill at a time, it doesnt make sense in just paying half of a bill in my opinion. I would also look at what needs to be paid right away and also on interest rates to be on your list as 1 to get paid right away. Good luck!

Answer 4

Pay the one with the highest interest as much as possible while still making minimum payments on all the other ones. Then switch to the next higher interest debt when that one is paid off.

Answer 5

Rule of thumb, pay off the ones that charge the highest interest rate first. If they're all high, try to consolidate to one loan, then pay that off asap. If they're local stores or doctors, etc you could always write a letter asking them to accept a lesser amount that you would pay today. They may take it instead of having you not pay at all.

Answer 6

Check the interest rates on each bill and list them from highest interest rate to lowest. Pay the highest rates first until done. Worked great for me. Good luck.

Answer 7

Pay the ones that charge the highest interest rate first

Answer 8

Pay lowest off first or highest rate if you can afford it.