View Single Post
  #1 (permalink)  
Old 06-02-2009, 06:12 AM
JHVS JHVS is offline
$ Saving Kindergartener
 
Join Date: Jun 2009
Posts: 2
Points: 40.00
Donate
Default Debt pay-off question

Generally, is it always smartest to use "extra" cash to pay off credit card debt. I've recently come into some money, not a ton but enough to pay off most, if not all of my credit card debt.

I have other debts: mortgage, car payment, education loan, and American General loan for dental work. But I seem to worry most about the credit card debt; probably about 20K. If I figure correctly, getting rid of the cc debt will make my other monthly expenses much more manageable.

I realize this is a VERY general question but I'm really just trying to figure out if I should take the money and pay off the cards?

Thanks much.

JHVS.
Reply With Quote