View Full Version : Is it better to pay off student loans or credit cards first?
sofiesam
Apr 26, 2012, 07:09 PM
Student loan interest rate: 2.360%
Credit cards interest rate is unknown & is in collections
smoothy
Apr 26, 2012, 07:11 PM
Student loan interest rate: 2.360%
Credit cards interest rate is unknown & is in collections
Pay the credit cards off... but keep up the student loan current as well... You can kiss off any chance of getting another loan if you have anything out for collection. So pay those first and anything else.. if you can't pay cash.. you don't need it.
Fr_Chuck
Apr 26, 2012, 07:57 PM
Pay the min on students loan and then pay off the credit cards, if it is in collection most likely at 15 to 30 percent interest. Plus late fees plus more
ScottGem
Apr 27, 2012, 03:41 AM
Always pay off higher interest debts first.