Re: Hypothetically: Debt or Emergency Fund?
There is also a big difference between paying off student loan debt and CC debt in this scenario.
If it is CC debt then every dollar you pay gives you that much back in available credit. If you pay off student loans that is it, nobody's going to let you borrow that money again (unless you become a student)
I would be much more likely to want an EF and wait on the Student loan and pay off the CC because I could use the CC if there was an emergency.
Hypothetically.
|