Saturday, October 31, 2009

I have about 4k in CC debt, w/ plenty of cash in the bank. Should I pay it off or continue with the

I also have 70k in student loans (3) which payments will begin in May '09. Two of the three are federal, each under 3k. Should I pay those smaller ones out in full as well? Or wait until payments begin and then make a decision?



I have about 4k in CC debt, w/ plenty of cash in the bank. Should I pay it off or continue with the paymts?

With regards to the credit card debt, it's hard to imagine that you're earning more interest in the bank than you are paying on your credit cards, so I would pay them off.



For the student loans, if they are not accruing interest I would wait until they payments begin and pay them off then. That way you keep earning interest on your money until the payments begin.



I have about 4k in CC debt, w/ plenty of cash in the bank. Should I pay it off or continue with the paymts?

dont be stealin my 360



I have about 4k in CC debt, w/ plenty of cash in the bank. Should I pay it off or continue with the paymts?

Are you earning more in interest than you're going to have to dish out...If not than pay off the debts.



I have about 4k in CC debt, w/ plenty of cash in the bank. Should I pay it off or continue with the paymts?

Pay the small CC debt first. Pay off the student loans as soon as you can. Pay the small ones first. Once debt free, never get in debt again.

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