Sunday, January 28, 2007

Better to pay off collection or keep my current credit up to date or paid up

Bo,

I have read through your website and thank you very much for supplying this information. I, too, need to raise my credit score very quickly in order to purchase a home in the next 2 months. I have some medical bills and a couple of other collections and charge-offs and a few lates. What do you suggest I do with my tax refund? Would it be important to pay off the collections and charge offs first, or should I save the money and use it to help pay other bills on time, ie credit cards and car payment?

Sincerely,
Trying to purchase a home
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Bo Majors
to real person
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3:18 pm (4 hours ago)
It would be of most importance to keep current and open lines of credit

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