badcreditsucks Posted January 16, 2009 Report Share Posted January 16, 2009 Is it better to pay down credit cards first or negotiate for settlement/deletion of medical collections? My medical collections are around $1400, but if I put the money that I would settle with them towards my credit card debt, I think that would have a greater impact than getting two collection accounts possibly deleted. I know medical collections aren't considered so much when applying for a mortgage anyway but they do effect my credit scores. My second question is, I have a $22,000 medical bill that is not on my credit report and I am making very small payments on it. Asset Acceptance asked if I could do some sort of settlement on the debt - any kind of settlement offer would be considered. With the state of the economy and my finances being a self-employed person, what would be a very low-ball figure to offer for a settlement on that large of a debt? Or should I just keep paying what I am now since it is not affecting my credit at this point and deal with that after I get the credit cards paid down? Link to comment Share on other sites More sharing options...
admin Posted January 16, 2009 Report Share Posted January 16, 2009 Pay down the cards - the interest rates are excessive. The money you save in interest you can throw towards your credit cards. Link to comment Share on other sites More sharing options...
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