I have 2 outstanding credit balances:
1. 84 K at 8.99%
And 2. 30 K at 15.99%
I got a 10000 bonus.
What's the smart move? Pay down 1, or pay down 2?
![]() |
I have 2 outstanding credit balances:
1. 84 K at 8.99%
And 2. 30 K at 15.99%
I got a 10000 bonus.
What's the smart move? Pay down 1, or pay down 2?
I would pay down the one with the highest interest rate first, because with a lower principal amount due you will save more interest amount than with the other loan.
All times are GMT -7. The time now is 07:01 AM. |