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Old 09-04-2009, 07:59 AM
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Radiance Radiance is offline
$ Saving College Freshman
 
Join Date: Jun 2009
Location: MiramAr, FL
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The minimum on the Amex is $15
The minimum on the Visa is $50
Loan payment $360
Car payment $297

Quote:
Originally Posted by Lindahfx View Post
Once you either pay off the AMEX or when you have enough available credit on your Visa, I would think about paying off your personal, non-revolving loan with your Visa at 12.99% so that you reduce your interest payments. It would probably also reduce your overall minimum monthly payments so more could go to principle.
That is an interesting approach! I wander how much money does it save.
(I did confirm I have no pre pay penalty on any of my debt)
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