[lennygaudy]

Hi everyone,

I had originally posted a thread requesting advice on how to tackle my student loans but after receiving a couple of replies I realized maybe I should post a more general thread to include my other debts since it might make more sense to pay those first. So here goes, I'll appreciate any advice or guidance you can offer:

a) IKEA credit card $1,000 (0% until 8/09)
b) Credit Card $12,000 (14.99%)
c) Home Equity Line $49,000 (3.25% according to my last statement but that doesn't seem right so I have to call to confirm)

d) Student loans (these are in deferment until 2012):

1) $3,393.65 - Subsidized - 3.61%
2) $4,183.38 - Unsubsidized - 3.61%
3) $5,792.45 - Unsubsidized - 3.61%
4) $6,371.72 - Unsubsidized - 3.61%
5) $3,631.28 - Unsubsidized - 6.8%
6) $2,222.16 - Subsidized - 6.8%
7) $2,633.97 - Unsubsidized - 6.8%


Right now I'm on a "plan" to pay off the $12k credit card by 10/09 and the IKEA card by 8/1/09 (before it starts accruing interest) so I'm sending payments to these according to that goal ($2k monthly to credit card and $250 to IKEA). Meanwhile I'm also sending $200 monthly to the equity line (which has a $123 minimum). I'm not making payments to my student loans at all because I hadn't realized that 5 of these were already accruing interest but now that I have I think it might be a good idea to send at least enough to cover the interest so it doesn't continue capitalizing. When I finish paying off the credit card should I focus on the equity line, the student loans, or both at the same time? I will probably be allocating between $1500-2,000 total monthly at that time.