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Ask Dave

Tax Refund To Collector

Laura is getting a nice tax refund but she is also getting hounded from a credit card company.

QUESTION: Laura is getting $4,700 back on their tax refund. They have $23,000 in debt, and have the debts listed smallest to largest. One of the credit cards collectors is screaming at her because she isn’t current with them. Should she start the debt snowball or deal with this guy first?

ANSWER: Get current before you start the Baby Steps. Then no one is hounding you. Pay off smallest to the largest if you are current. Get current, get $1,000 in savings and go down the list of paying off your debts.

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Taxes Made Easy! 

Taxes Made Easy

Take the stress out of tax prep with our free checklist.

Taxes Made Easy! 

Take the stress out of tax prep with our free checklist.