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Old 07-14-2008, 11:40 AM
debtconsole debtconsole is offline
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In this case, it makes sense because the two balances are close. In Dave Ramsey's book, he talks about doing it the other way, but he is assuming that you have several debts and maybe one is only about $300. In that case you can pay it off quickly then take the entire amount to apply to the bigger debt.
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