Setting Priorities When It Comes to Paying Bills in a Tough Economy
What people need to shift is their mindset from "I don't want to ruin my credit" to "I just need to survive"
. The truth is that you should have little or no debt to begin with, paying things in full should start to be in your personal finances so that you do not have to deal with this situation down the road. If you are able to settle your debt, take advantage. If you have more than 2 cars on loan but only need 1, you only need to pay for one until you have enough money for the second payment. Surviving is much more important than any credit score.
Setting Priorities When It Comes to Paying Bills in a Tough Economy