My brother has significant debt. A house with a $96,000 mortgage plus credit card debt of about $58,000. He just inherited $75,000 from his wifes parents. Would it be wiser to use that $75,000 and at least pay off the credit card debt, OR should he invest the $75,000 and continue paying down the credit card debt like the rest of us? Problem is that with consumable debt THAT freakin high, it will probably take him close to 35 years to pay off his credit cards. Which is the wiser move, and what would you personally do?
2006-11-30
09:34:27
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12 answers
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asked by
Anonymous