“What Should I Pay off First?”

“What Should I Pay off First?”





Thank you so much Mr. Petrowsky. I would of paid off the car loan first which would have been a mistake and not helped very much. I can accomplish paying off the three collections and lowering the three credit card balances. I will start this right away. I will send out tax returns and bank statements tomorrow. You have given me hope where there was none. Please review all as soon as possible so that we can begin the mortgage application.



It is so important to get advice from someone who understands a credit report and knows what steps to follow to make sure the credit scores move up. Done correctly your future interest rate on a mortgage will be lower.




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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 7 commentsJoe Petrowsky • March 05 2019 02:27PM


There are two ways to tackle payments on credit cards.  One is to pay off the smallest ones first, and add those savings to payoff the next one etc.  The other way is to payoff the ones with highest interest rate first and moving those savings over to pay the next one with highest interest rate etc

Posted by Sham Reddy CRS, CRS (H E R Realty, Dayton, OH) about 1 year ago

Absolutely, it's important to speak to someone who knows what would make the most impact to credit scores.

Posted by Kat Palmiotti, The House Kat (406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty) about 1 year ago

Good morning Joe. Knowing the order of things pays off big time. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 1 year ago

I have always advised and followed my own advise to pay off the high interest rates first. However, it has been years since I have had credit card debt.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 1 year ago

Good morning Joe. Great advice comes from knowledgeable and experienced folks like you.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) about 1 year ago

Sounds like you gave your client excellent advice and saved them from making a huge mistake. Talking to someone such as yourself Joe should be at the top of the list for those looking for advice about their credit.

Posted by Debe Maxwell, CRS, The right Charlotte REALTOR! (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) about 1 year ago

Morning Joe.

Sage advice I'm sure.  Sometimes it is not to one benefit to pay off a loan, this just proves it

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 1 year ago