Could I cause myself problems ?

gettingtheresometime

I have 3 debts that are with debt collection agencies and are being paid off at an agreed monthly amount.

However as they are attracting no interest, any money that I would have been putting towards these debts, I've been saving up in a separate account.

I'm now in the position to fully pay off one - would the other two get the hump if I did this or is it better to continue what I'm doing and wait until I have enough money to pay off all 3?

(In my mind thus debt is cleared but it would be nice to have physically paid it off if that makes sense)

GTR_King

Pay off the debt with the most interest....

They won't know what debt you paid off so should be fine

Pixie5740

Rather than paying one debt off in full have you considered making full & final settlement offers to all three creditors?

fatbelly

https://www.nationaldebtline.org/EW/factsheets/Pages/fullandfinalsettlementoffers/lumpsumoffers.aspx

sourcrates

gettingtheresometime wrote: »

I'm now in the position to fully pay off one - would the other two get the hump if I did this or is it better to continue what I'm doing and wait until I have enough money to pay off all 3?

Hi,


You need to think about this from your perspective, not theirs.


The full and final route would be a good way to go, you do what's best for you, not what's best for them, follow the advice from National debt line in Fatbellys link, see how you get on.