question about credit card vs. student loans?
so, i have 1687 on my CC w/ 0% APR till jan. 2008.
i have to pay student loans too.
my question: should i pay my accrued interest off when paying for student loans or put all money toward CC so it will be paid off?
i plan on take my tax refrund, about 1200, and completely paying my CC. my CC interest will be 11%, after jan. 2008
i have a baby due in 2/08. i have to pay 250 monthly for daycare
i’m thinking that i should get rid off the CC bill because that’s one less bill, and THEN focus on teh student loan, but i dont if that will hurt me in the long run.
my studnet loan interste is less than my CC
i get money back for paying interest on student loans; money back from home insurance…so, i dont see how i get too much money back???
you dont even know how much i make!
General rule of thumb is pay off the highest interest loans first. So I would suggest paying the minimum on the student loans and as much as you can on the credit card balance until that is paid off.
