i have a debt that i have to pay in full in 5 months. is it still better to pay down my higher interest debts first, then deal with the other one last, or should i concentrate on the time sensitive debt first?
2007-03-15 17:51:08 · 2 answers · asked by jeremy d 1 in Business & Finance ➔ Personal Finance
Definately pay the time sensitive debt first. In the end paying the higher interest cards won't really save you money if you default the other. Concentrate on the time one then concentrate on higher interest.
2007-03-15 17:54:53 · answer #1 · answered by uknowme 6 · 0⤊ 0⤋
I think it is better to pay off higher interest debt first, but I would certainly ask this at a debt expert site... try the one below, they should be able to answer your question - they certainly have enough advice and other resources.
2007-03-19 21:07:31 · answer #2 · answered by brettR 2 · 0⤊ 0⤋