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There is always hope! If your expenses are greater than your income, now is the time to put a payment strategy in place. Prioritize your bills so that you are paying off the most essential ones first, as they can have a major impact on your credit score. When it comes to credit cards, pay off the card with the highest interest rate first. You can also call your creditors to ask for a lower interest rate and/or payment. Medical collections have little effect on your credit score, and payday loan payments have no impact on your credit score.