Which way is a better method to pay off a court settlement...Read on...?

Either the full amount of $8483.14...$50/mo. the first year, and rising to $100, etc... in following years

Or

Pay half this amount now...$4241.57. I have an offer on my credit card for 1.59% for the first year. After that, it goes to the regular rate which is 9.4% Var. (or transfer the rest to my fixed rate Discover card for about 10% or do a balance transfter).

Which way is a better method to pay off a court settlement...Read on...?

Well if you can pay your credit card within one year then go with option 2 but for some reason if you can%26#039;t manage that I will suggest then option 1. But the best is to pay it off so it doesn%26#039;t effect your credit. Think of these things: Is your job secure in case something happen do you have enough funds etc and then decide

Which way is a better method to pay off a court settlement...Read on...? loan

Get rid of it. Pay it off. Playing with credit cards is playing with snakes. They can raise that interest rate anytime they want for whatever reason they want. Those snakes do bite.|||I%26#039;m no math whiz, and, to be honest, I didnt even try to work out which one%26#039;s less. To me, %26quot;better%26quot; is a matter of opinion...it can mean %26quot;cheaper%26quot; to you, %26quot;more convenient%26quot; for me or %26quot;more logical%26quot; to someone else.

I guess it all boils down to your other responsibilites. Do you have kids to take care of, car and house loans? Will you have to sacrifice luxuries (expensive dinners, entertainment, etc) in order to make a larger payment? Would you rather have none of those luxuries for a little while, or a half of those luxuries for twice as long?

That%26#039;s just how I look at it. Personally I%26#039;d try to get it out of the way as soon as possible - you never know what kind of financial mess is waiting for you in a couple of years.|||wht ever is best for u