I have a $3,000 bonus and $9,000 in proceeds from a stock purchase plan. What should I do with this $12,000?
I have a $30,000 student loan at 5% $206 a month
$14,000 car loan at $290 a month / 9% interest.
I also have a $14,000 balance on my home equity line of credit at 15.4%.
I know that's a really high interest rate, but I am a bit conflicted if I should pay off my car loan to free up that extra $300 a month to pay down the HELOC faster or if I should focus on the HELOC and keep the $300 a month payment going?
2007-09-25
02:32:25
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13 answers
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asked by
yngprofmn
2
in
Personal Finance