Hi, and thank you for replying.
Yes, I know it's a lot of credit card debt. I ran into major issues in the past year, so I had to use the credit cards. However, I have the cash to pay off the Auto Loan which would save me $300 extra a month. That would pay almost all of the credit card debt...plus, I'd have an additional $300 to throw at the credit cards too.
The main reason I'm thinking of paying off the Auto Loan is because I don't want to have it repo'ed if I can't make payments. I'm doing fine right now, but what if I lose my job? If I have credit card debt they can't take the vehicle while I recover and get a job. But, if I miss car payments...I risk losing the car!
It's more about transferring debt instead of paying it off..I should have a different title for this post.
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