Many debt collectors offer a lump sum option so ask. And if you get it, make sure it's in writing and you keep the payoff statement FOREVER.
Michelle SingletaryI'm driving my old car until I'm on a first name basis with the low tow truck drivers!
Michelle SingletaryMy experience may be different than theirs, readers can identify with trying to save for retirement or their own kid's college fund. In truth, the name of the column, "The Color of Money," has less to do with my race than the fact that the color of money is green and it's green we all need to live a good life.
Michelle Singletary