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Old 08-29-2005, 03:20 PM
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jmjj215 jmjj215 is offline
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Default Re: Paying off debt - should we cancel credit cards?

Quote:
We also intend to put our tax return towards it
While this is probably small, you really should adjust your withholdings (or business withholdings) down so you aren't loaning the government money until you get your refund. Not only are you not earning any interest on that money, but you're also paying interest on these debts you owe b/c your money is tied up with Uncle Sam.
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