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-   -   Is it better to pay off student loans or credit cards first? (https://www.askmehelpdesk.com/showthread.php?t=654822)

  • Apr 26, 2012, 07:09 PM
    sofiesam
    Is it better to pay off student loans or credit cards first?
    Student loan interest rate: 2.360%
    Credit cards interest rate is unknown & is in collections
  • Apr 26, 2012, 07:11 PM
    smoothy
    Quote:

    Originally Posted by sofiesam View Post
    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.
  • Apr 26, 2012, 07:57 PM
    Fr_Chuck
    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
  • Apr 27, 2012, 03:41 AM
    ScottGem
    Always pay off higher interest debts first.

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