Question: I am not producing enough for basic living arrangements, so how do I even make arrangements to pay creditors.
Answer: Credit is impacted by your ability to pay your reported debt, so if you don’t have enough money to pay your bills, your credit will be impacted. If you are trying to determine what to pay, we suggest that you pay the accounts that are reported to the credit bureaus first. For example, pay the credit card before you pay the utility bill. Now, we are not suggesting that you never pay the utility bill, but they won’t shut off your service from one missed payment. However, the credit card company will report you late if you miss their payment.
Submit your questions and help to educate on principles of good credit management. Contact us today for free credit consultation at 877-896-2831 or email assessment@visioncreditservices.com. Also, visit our website for more information about our services or to download a free copy of “Your First Step to Credit Restoration” at www.visioncreditservices.com.
