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August 15th, 2011 #1
- Join Date
- Aug 2011
Can't pay all bills on the debt plan this month
I ahve a question I hope someone can answer. I joind debtgoal last week and went through all the steps and found it fine. Just realized that I may not be able to pay my school loans this month and maybe wanted to focus on the smaller bills to see an impact.
Does anyone have any thoughts on this?
I know to boost my credit score, I should be paying everyone on time every month. I really wan to do the right thing. Should I edit my bills?
August 15th, 2011 #2
I answered this (sort of) on your other post. I'd try asking for forbearance rather than just not paying. If you do you want to be really sure you're working as hard as you can to pay off higher interest debts so that you're making progress and are in a better position to start making payments again. If not, you'll accrue interest and penalties and will have an even bigger hole to dig yourself out of.
If you can provide more info on your situation I might has some other ideas.Scott started SavvyMoney because he passionately believes that life is better without debt. Since everyone should have a superhero name, Scott decided that ThriftyMan pretty well described his mission to save the world. Scott used to market credit cards, but now dedicates himself to people out of debt.