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Tire Reimbursement check arrived in the mail today need advice

August 21st, 2012 at 01:00 am

The check is for $106 I was planning to add $56 to the total and pay off all four tickets on my side bar. I've been stewing if I want to make a $40 payment towards my Orchard Bank card before the cycle closes friday. This will bring my balance just under $200. But than i'll be stuck paying off the very last $40 tickets in two weeks in my next pay period. What do you guys think? What would you do? The ticket is already overdue but no late fees or penalties will be assesed.

5 Responses to “Tire Reimbursement check arrived in the mail today need advice ”

  1. wowitsawonderfullife Says:

    You are quite new at this so I suggest paying off the tickets even though they don't acrue interest or fees. It will give you a nice jump start. I only suggest this if all your other cards are current. Of course if you are behind in your payments you must get all of them current first. Alternatively you could use this money to bring your TD Bank overdrafts current and then cut up the cards. Either way you should be very proud of yourself for making a good decision to eliminate some of your debt rather than spending it on something you don't need. I would also recommend that you show the interest rate in your Misc category because that way we can give a more educated stab at suggestions. Some people pay off the smaller amounts first and others tackle the debts with the highest interest rates. It depends on what motivates you the most.

    Is there any chance you can auto debit $10 or $20 per pay for your Orchard Bank debt? You will be compelled to start snow flaking this debt every week to get it paid off quickly.

  2. creditcardfree Says:

    I would also pay off the tickets. I hope that you don't accrue anymore of those, they are just as bad credit card interst. Both are completely avoidable!!

  3. Swimgirl Says:

    I would pay off the tickets. I just wouldn't like to have something like that hanging over my head.

  4. North Georgia Gal Says:

    I would also pay off the tickets. that way you have the satisfaction of paying off a bunch of little things. That is a great start!

  5. snafu Says:

    On-line payments from your bank to payee can be set for any date you like. If you want to pay following Friday's pay deposit, date it for Monday...the next business day. Alternatively, as soon as you see the pay credited, you're safe sending the payment.

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