The Hierarchy of Bills
November 14, 2008 | alternatives | Comments (0)Many payday loan customers cite “paying bills late” as one of their options when they consider a payday loan. In fact, an estimated $57 billion in late bill payment fees were collected by businesses in just one year. If you are facing late payments, you may want to read WalletPop.
Are some bills less critical than others in the grand scheme of keeping a roof over your head and avoiding bankruptcy? In the short-term, yes. But know that paying bills late—no matter which ones—can really damage your credit record and score. However, if you’re in a major bind and need to temporarily pick and choose, here’s a hierarchy of periodic bills that need to be taken care of first and those that can wait. Starting with the most important, these are MainStreet’s suggestions.
Comments»
No comments yet.