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Old 05-09-2009, 11:03 PM
 
758 posts, read 1,240,618 times
Reputation: 335

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I need your opinions please

I am having a hard time deciding on what to do:

Should I pay $600 to Social Security (Overpayment) and I will be done paying them or should I pay $600 to car payment, I still have $4,250 left to pay it off

Thank you!
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Old 05-10-2009, 12:07 AM
 
3,459 posts, read 5,817,454 times
Reputation: 6677
Always pay the government first.
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Old 05-10-2009, 12:35 AM
 
Location: Atlanta, GA
1,209 posts, read 2,260,769 times
Reputation: 886
The best thing to do if you can is to get a 0 percent loan (friend, family), pay both.
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Old 05-11-2009, 08:04 AM
 
Location: Right where I want to be.
4,507 posts, read 9,088,235 times
Reputation: 3361
Quote:
Originally Posted by jhtrico1850 View Post
The best thing to do if you can is to get a 0 percent loan (friend, family), pay both.
Yeah, nothing makes family relationships easier than borrowing money.
No, don't take a loan from family or friends unless your life depends on it....it's just not worth it.


I agree with PP, pay the government first, so long as it won't put you behind on a car payment. If money is that tight, get a second or third job slinging pizzas or mowing lawns...you can pay off both pretty quickly. Good luck!!
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Old 05-11-2009, 10:16 AM
 
Location: Portland, Oregon
7,083 posts, read 12,090,315 times
Reputation: 4125
Always pay the government first, they are the bigger bad guy if you are late.
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Old 05-11-2009, 12:09 PM
 
758 posts, read 1,240,618 times
Reputation: 335
Quote:
Originally Posted by NCyank View Post
Yeah, nothing makes family relationships easier than borrowing money.
No, don't take a loan from family or friends unless your life depends on it....it's just not worth it.


I agree with PP, pay the government first, so long as it won't put you behind on a car payment. If money is that tight, get a second or third job slinging pizzas or mowing lawns...you can pay off both pretty quickly. Good luck!!
I am not behind on car payments, I am 6 months ahead
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Old 05-11-2009, 12:10 PM
 
758 posts, read 1,240,618 times
Reputation: 335
Thanks for the advice everybody!
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