Should one pay off a loan to relatives first, Then the credit cards?
403323
Credit cards. Its doubtful that your relatives will report you and cause your credit rating to go down.
984508
pay off your debt first, then put the rest in a savings account such as HSBCdirect.com or in a money market account, you can find out the best rate at bankrate.com
408044
Pay yourself first!  Make that first payment into your savings account, then payoff the rest of your obligations.
1108184
pay off your creditors now...if you just establish a payment plan with them, as u say your credit is poor...it well remain poor...after there payed off...then buy something on time and never be late on a payment...then you well establish AAA credit...
35392
In general - you shouldn't be maxing out your cards at all - it is a very bad habit to get into. Living on borrowed money isn't a wise idea. Credit cards are a tool. They should be used instead of cash so that you don't have to carry cash around with you. But it doesn't mean that you don't have the money when it comes time for that bill to be paid. \n\nIf you only charge what you KNOW you can afford to pay off - you will be safe and build a very good credit rating. Keeping a small balance is not a bad thing but - try and pay the majority of it off this way you don't have to pay interest on it.\n\nI have been through it. It took us 10 long years to get out of debt. We had over $57,000 in debt and very good credit though. We never missed payments but just seemed to be swamped with it. Be patient for the credit transfer deals that let you have the rate until your balance is paid in full. These are the ones you will want for the long haul. \n\nWe transfered to a few cards. one of them was the BEST - 0% until it was paid off! That was amazing but true. There was no limited time. then we also transfered onto a few cards with 3.99% interested until paid - Again no limited time. \n\nThis allowed us to pay MUCH MORE THAN THE MINIMUM.  paying the min will not help - it will usually get you worse off because you debt will grow usually from other purchases going onto it.  Just stop using the cards and pay them all off.  \n\nStay away from the Transfer offers that only give you a matter of months to pay. \n\nI just can't stress that enough.   cause you will end up having a huge percentage rate a year from now and then your debt will be compounding more than it ever has.  \n\nI am standing here today - debt free!!! Yes we paid off the entire $57,000 and it is all due to the stratigy above - never miss a payment and pay as much as you can towards the highest interest rates first. Minimum payments for the lowest rates. After a while you will see your debt come down, and your credit history improve.  We did it all on our own.
1136726
See if there is someone else you can pair up with who has better credit and/or can help w/ down payment. (e.g. significant other, parent, family member)  This would help reduce interest rates which will prob be very high w/ poor credit.
395235
Pay in full if you can. If you can't pay it all, then pay as much as you can. \n\nCredit card debt has the highest interest of anything except maybe the pawn shop. If you can get a bank loan at lower interest to pay off your credit card debt, do it.\n\nCredit cards should be used for convenience, not for credit.
1145727
You can get one done but it won't show much.  It is a wise idea to open one or two credit cards and then charge something and pay it off promptly.  If you ever want to buy a house or a car this will help you more than if you have never charged anything. You see, they want proof you are capable of handling credit.
1116851
Pay down the credit cards, and cancel them.  The interest rate is TOO HIGH.
822968
Sadly, the bills with the biggest additional penalty get paid first, the nice guys with minimal or no  penalty got delayed payment.\n\nIf it is a really nice creditor, call  and tell them when you will pay, and do it.
984702
You could ask them to lower the interests on it, most will do.\nThere are also Consolidation firms who will pay it off for you then you pay them at a lower interest rate, however there are all kinds of sharks out there so you want to be careful who you choose to use.\nBelow you will find some interesting reading on these matters:\nhttp://credit-cards.ebookorama.com\nhttp://finance.ebookorama.com \nhttp://credit.ebookorama.com\nhttp://credit-repair.ebookorama.com\nHope it helped, cheers.
170910
if the interest is low, you'll end up paying more if you pay your loan, and then put your purchases on a high interest credit card.\nif the interest is high, pay it off as soon as you can. \nI'm pretty sure, with school loans, the interest for the term is charged regardless of how long it takes you to pay the loan.
483630
Pay off the credit cards first. Any left over, can go towards less swanky furniture. The amount you pay in interest on your credit cards are astronomical. Think of the amount you can save in interest alone. Call the banks and find out how much! It's enough to make one sick! A word of advice, if you don't have money, don't get it on credit!
404978
Why would you want to? Not being judgemental, but I certainly hope that the expense you are wanting to cover is worth the astroniomical fees/interest they charge on these loans. I think these places should be shut down. They prey on the poorest people in America and drive them deeper into debt/poverty. If you can possibly put off paying the debt, do. Even if you get charged a late fee for the late payment, it's probably lower than what you'll pay to 1-3 cash advance places. If you are needing cash for something like a car repair, you'd be better off to swallow your pride and bum a ride for a while, take a bus, ride a bike, or walk. There's nothing wrong with admitting you don't have the money to pay an expense right away. When our country learns that, we'll all be better off.
684492
If you have credit cards, do not just pay them of and close them, keep them open. The longer you have the accounts, the better it reflects on your credit. Keep an eye on your debt to income ratio. That is a biggie. You never want credit in excess of what you earn, lenders will think twice if they see that. And definitely don't over charge your cards. Keep balances low or at zero. A good way to work on good credit is to after you pay your debt off, take one or two cards and put all of your monthly expenses on them, but at the same time, remove the money from your checking or savings account register so that way you can just pay the balance off every month, cause you set the money you charged aside. Just don't have too many lines of credit open, but keep the cards that have been open the longest. And, one more thing. Never make late payments if you can avoid it. But, if you are in a bind, call your creditors. Tell them that you can pay some of what you owe, or can pay in full on a certain date, they will usually work with you. Good luck.
394233
The rule of thumb is 50%.  However, if the borrower is frugal and isn't burdened with debt, perhaps they can get away with a higher percentage.  It's just a matter of convincing the lender.
480079
if the purpose of your loan is to pay your debts. you are better of consulting an agency that helps you reduce all of your debts into one whole bill and pay a monthly fee. jus know that it will take a long time, pay a lot of interest but it can be done. i did it like that. or you can just find a relative with the cash and ask them for it.