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This is a general rule you can use:
You should first pay off the smallest debt you have by allocating as much extra money you can. Once that account is paid you move on the next one. Use all the money you were using to pay the previous debt to this account until its completely paid off as well. You know move on to the next account using the money you were using for the previous two accounts, and continue doing this until you are only paying one account which should be your largest account. This technique is often referred to as the snow ball effect. Start with your smallest account and finish with your biggest account.
There is other factors that are important to consider like interest rates, account balance, importance of account, account fees and time frames for repayment.
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Should you pay off all small debts first or concentrate on the large ones?
I have always been told that it is best to pay off the smaller debts first and get those out of the way so then you can focus on the larger debts when you have fewer debts to worry about.
How do I improve my credit rating?
The best way to improve your credit score is to pay off any outstanding debts you may have. You can find out more ways to improve your credit rating you can visit http://www.aaaprocreditsolutions.com/adwords/?gclid=COv177G7_KkCFQFN4AodU28vVQ
Is a beneficiary responsible to pay debts?
No a beneficiary is not responsible. One of the primary reasons to open an estate is to resolve such debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Credit card debts in estate?
The estate has to pay all of the debts, including credit cards, if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
Who pays your debts if there is no estate or will?
All the more reason to open an estate. The estate has to pay all of the debts off if possible. If the estate doesn't have the assets to do so, they distribute as best they can. If the court signs off on the distribution, the debts are ended.
What is the best way to have debts cleared by collection agencies?
The best way to have a debt cleared by a collection agency is to pay the outstanding debt off. The only other way to clear it off is to provide proof that the debts are not valid.
What to do when there is no will no insurance and no money in the estate and outstanding bills?
The estate has to pay off the debts. If the estate cannot do so, they distribute according to a plan as best they can. If the court approves the distribution plan, the debts are ended.
What happens when mom dies and has no estate except life insurance and outstanding credit card debt does executor have to pay the outstanding debt?
Yes, the executor has to pay the debt. Debts are one of the primary reasons someone should open an estate. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
Should you pay off all small debts first or concentrate on the large ones?
I have always been told that it is best to pay off the smaller debts first and get those out of the way so then you can focus on the larger debts when you have fewer debts to worry about.
What is the best book that you have read?
The BEST book I have read is "Where The Red Fern Grows" I Is An Outstanding Book! I know ANYONE would like it.
What are debt leads and how do they relate to settling outstanding debts?
Debt leads are consultants who help you find the best way to remove outstanding debt you may have acquired. Getting access to a debt lead can help take stress and frustration out of attempting to remove the debt yourself. They can provide excellent tips and answer any questions you may have.
How do I improve my credit rating?
The best way to improve your credit score is to pay off any outstanding debts you may have. You can find out more ways to improve your credit rating you can visit http://www.aaaprocreditsolutions.com/adwords/?gclid=COv177G7_KkCFQFN4AodU28vVQ
Is the surviving spouse responsible for her deceased husband's debts in Oklahoma?
The debts of the deceased are the responsibility of the descesed's estate. The estate must resolve the debts before any money goes to the heirs. Consult a probate attorney in your jurisdiction for help. From your question it would appear that your husband died without leaving any money or property, if this is the case then there would be no money available to settle debts. However, if your hsband and you shared ownwrship of your house then his half of the house would be liable to settle these debts. If you are in problems the best course of action is to see an attorney.
If you file 13 you can keep assets like Saving Accounts?
No, you would use those to pay off the debts as best as possible.
What is the best answer for the opposite of average?
outstanding, exceptional, superlative
Which word best describes a particular and successful approach for collecting outstanding invoices?
The word that best describes a particular and successful approach for collecting outstanding invoices is debt collection.
What show won the first Emmy for best reality TV show?
The West Wing, which won 9 Emmys for its first season.
