Finance

Have finance questions? Ask a financial expert online.

Ask an Expert,
Get an Answer ASAP!

I have a credit repair question, i have 2500$ in total

Customer Question
credit debt. spread across 5...
i have a credit repair question, i have 2500$ in total credit debt. spread across 5 separate accounts. would it be better to pay them all off at once, or make payments in increments? which rout will effect my score the fastest and most positively
Submitted: 1 month ago.Category: Finance
Show More
Show Less
Ask Your Own Finance Question
Answered in 2 minutes by:
3/14/2018
Financial Professional: Gerald, Esq, Attorney replied 1 month ago
Gerald, Esq
Gerald, Esq, Attorney
Category: Finance
Satisfied Customers: 5,103
Experience: Over 30 years of experience.
Verified

Hello,
Thank you for using Just Answer. Please bear with me while I review your question. I will respond fully shortly. Thank you for your patience.

Ask Your Own Finance Question
Financial Professional: Gerald, Esq, Attorney replied 1 month ago

Hello,

Thank you for your patience and thank you for using Just Answer. I want to provide you the best service I can. Please feel free to ask any follow-up questions you have.

I am an attorney with 30 years of experience; I hope to provide you information that will help you in resolving your question.

If you have the money to pay them off, pay them off. It will save you the most money and will not harm your credit rating.

You need not cancel the card but put them away. Keep the oldest account open (pay it off but don't cancel the card) you have, because the oldest continuous credit account is a positive factor in your score.

If you can not afford to pay off all the accounts, start with the highest interst rate card, pay as much as you can on that card until it is paid off, and pay the minimum on the others. Once that card is paid off, add the payment you were making to the minimum on the next card in line until that is paid off. Repeat the process until they are all paid off.

Do not hire a credit repair agency without a lot of research. They are very often not helpful to you and some are scams.

I hope the information I provide is useful to you. I want you to be comfortable and satisfied with my attempt to assist you. Please, if you have ANY follow-up questions, feel free to ask.

If you ask a follow-up question and I do not respond immediately, it is because I am temporarily unavailable. I promise to respond as soon as I return. Please note that I am often unavailable Friday evening through Sunday.

Please do not forget to give me a positive rating. It adds nothing to your costs but helps me greatly. Thank you.

If you are dissatisfied with my response, PLEASE let me know before giving me a negative review so that I may try to be of better assistance. Or, if you prefer, let me know and I can “Opt Out” and your question can be re-posted without additional cost to you. I will be fair to you, and only ask the same from you.

Good luck.

Please note: Information is educational and not given as legal advice. Only your local attorney can give legal advice. I can't establish or accept an attorney-client relationship with you. All posts are available for public viewing.

Kind regards,

Gerald

Ask Your Own Finance Question
Was this answer helpful?
Ask Gerald, Esq Your Own Question
Gerald, Esq
Gerald, Esq
Gerald, Esq, Attorney
Category: Finance
Satisfied Customers: 5,103
5,103 Satisfied Customers
Experience: Over 30 years of experience.

Gerald, Esq is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Rakhi Vasavada

Rakhi Vasavada

Financial and Legal Consultant

2,608 satisfied customers

Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years

Megan C

Megan C

Certified Public Accountant (CPA)

2,218 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

Manal Elkhoshkhany

Manal Elkhoshkhany

Tutor

1,920 satisfied customers

More than 5000 online tutoring sessions.

JKCPA

JKCPA

CPA

844 satisfied customers

Bachelors degree and CPA with Accounting experience.

Eric

Eric

Financial Manager

559 satisfied customers

Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.

R. Klein, EA

R. Klein, EA

Accountant

480 satisfied customers

TurboTax Expert. QuickBooks Certified Pro Advisor

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

332 satisfied customers

NASD Licensed Rep, 1997-2001, Business Attorney

< Previous | Next >

Related Finance Questions
My husband who is currently 68 and I (age 45) currently own
Hello, my husband who is currently 68 and I (age 45) currently own a home in California. We bought a house on a reverse mortgage in 2015 and I was the non-borrowing spouse. We were thinking about sell… read more
Marcia Mitrano
Marcia Mitrano
MBA
61 satisfied customers
My wife and I owe back taxes for a few years and we just
Hello,My wife and I owe back taxes for a few years and we just filed for an extension for 2017. I need to sit down with someone in my area who will go through our documents and reach out to the IRS on… read more
Marcia Mitrano
Marcia Mitrano
MBA
61 satisfied customers
I'm posting this pretty new to this service, I am wondering
I'm posting this pretty new to this service, I am wondering if there is an expert out there that has experience with global finance. I have a few questions to ask.… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
1,920 satisfied customers
I have a growing online business. I started it from home and
I have a growing online business. I started it from home and currently, lack of space and workers is proving very difficult. It will not be long before it completely takes over.It will be sometime bef… read more
Bryan Mullis
Bryan Mullis
Managing Partner
Masters of Accountancy
7 satisfied customers
I inherited agricultural land and sold to my brother in
I inherited agricultural land and sold to my brother in 2016. Our attorney said we would not have to pay taxes. My brother gave us a S-Corporation non-taxable last year. This year he gave us a 1099- m… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
My teacher mentioned that this will be some type of
My teacher mentioned that this will be some type of discontinued operations. What are your thoughts on this?… read more
Carter McBride
Carter McBride
LLM
960 satisfied customers
My company is being audited for 2016, we owe over 250K. are
my company is being audited for 2016, we owe over 250K. are there any rules regarding how frequently the irs can audit, such as i heard they have 3 years to audit a return, or is there a grace period … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Where can I enter mortgage interest and tax information. I
where can I enter mortgage interest and tax information … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I just received a rejection from the IRS for my e-file. It
Hello Sir,I just received a rejection from the IRS for my e-file. It requires a Form 8862 from a previous EIC denial. The denial was about 14 yrs ago, for false filing of Child dependent EIC. I had to… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,923 satisfied customers
My grown son is doing some house construction/contracting on
My grown son is doing some house construction/contracting on a house my husband and I own, he is not a general contractor but he is very good at remodeling and rebuilding infrastructure. He is doing a… read more
Bryan Mullis
Bryan Mullis
Managing Partner
Masters of Accountancy
7 satisfied customers
I was not able to file my taxes yesterday on April 17. I'm
I was not able to file my taxes yesterday on April 17.I'm hoping to do it certainly this weekend and submit it before April 20.Will there be a penality assessed by the IRS? I'm in the state of Califor… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
If you receive a 1099C from an old credit card debt and pay
If you receive a 1099C from an old credit card debt and pay tax to the IRS on it as income, can debt collectors still collect on it as well?… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
As past return copies have been destroyed, how can I find
as past return copies have been destroyed, how can I find out what past … read more
abci168
abci168
Principal
27 satisfied customers
My husband filed our taxes about 2 weeks ago and we usually
My husband filed our taxes about 2 weeks ago and we usually invest $5,000.00 in an IRA but held off this year as we weren't sure what my daughters college tuition would be. It wasn't as much as we tho… read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
My daughter was discharged from a Mississippi hospital last
my daughter was discharged from a Mississippi hospital last night , after a DR. told her she had to have both of her ovaries removed. As her Mother died from ovarian cancer at 51 years old. The reason… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I have a question for a Texas CPA please. I want to ask
Hi there, I have a question for a Texas CPA please. … read more
taxmanrog
taxmanrog
Master\u0027s Degree
901 satisfied customers
I have a question regarding reporting thresholds for foreign
Hi - I have a question regarding reporting thresholds for foreign property. … read more
Chad EA, CFP ®
Chad EA, CFP ®
IRS Enrolled Agent, CFP(R),
Master\u0027s Degree
2,048 satisfied customers
Do you know about CO PERA? I do not have any income for last
Hello, do you know about CO PERA? I do not have any income for last year. However I collected a fund from Colorado PERA last year. If I donor have income, what does that mean? … read more
Marcia Mitrano
Marcia Mitrano
MBA
61 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x