kball
Banned
Here is my situation. I have the following debts, and really want to know the best(quickest) way to get them paid off. Mainly which order is best.
Credit Card #1 $9,000 balance at 6.0%
Credit Card # 2 $5,000 balance at 6.0%
Car #1 $26,000 balance at 5.89% with 44 months left at $660 per month
Car #2 $17,500 balance at 3.9% with 30 months left at $610 per month
I figure it would be best to concentrate on one, and when that is done with, whatever money that was being spent on that one, roll it in to the next one and continue on. I figure start on Car #2 since it could be payed off the soonest and the $610 extra a month would help tremendously on the next one, Mainly, both car payments being freed up to pay the credit cards off. I am no expert(obviously), but open to more knowledgeable suggestions/advice. Thanks in advance.
Credit Card #1 $9,000 balance at 6.0%
Credit Card # 2 $5,000 balance at 6.0%
Car #1 $26,000 balance at 5.89% with 44 months left at $660 per month
Car #2 $17,500 balance at 3.9% with 30 months left at $610 per month
I figure it would be best to concentrate on one, and when that is done with, whatever money that was being spent on that one, roll it in to the next one and continue on. I figure start on Car #2 since it could be payed off the soonest and the $610 extra a month would help tremendously on the next one, Mainly, both car payments being freed up to pay the credit cards off. I am no expert(obviously), but open to more knowledgeable suggestions/advice. Thanks in advance.