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Home > Tire Reimbursement check arrived in the mail today need advice

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.

Posted in Debt | 5 Comments »

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

  1. wowitsawonderfullife Says:
    August 21st, 2012 at 01:15 am 1345511755
    1345511755

    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:
    August 21st, 2012 at 02:05 am 1345514715
    1345514715

    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:
    August 21st, 2012 at 04:48 am 1345524485
    1345524485

    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:
    August 21st, 2012 at 01:24 pm 1345555457
    1345555457

    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:
    August 21st, 2012 at 11:45 pm 1345592754
    1345592754

    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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