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celtain

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What is the best way to pay off debts in collections?
I have multiple account in collection, all for small amounts. Is it better to pay off the oldest account first or the newest or the highest or the lowest?

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Top Contributor
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It really does not matter in what order you pay them off, the key is to pay them off.   If you were to pay the lowest amounts, you would see faster movement on the amount you owe and this could be a boost to your ego and later, your score.   What you want to do is to stop the circle.  You can contact them and negotiate a settlement.  Once you have a figure for settlement, ask how much it would take do delete the amount altogether.  it could be the full amount or it could be a percentage higher.  Whatever terms you agree to, make sure you meet them.  And all deals should be in writing.   If they give up on you, they'll sell it to another collection firm and that firm would post your collection.  They can't officially list it as a collection until they have contacted you via the last known contact information.   At that time, its just a debt.  Your goal is to stop the endless circle, no matter what order you pay them off in.

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