Me-
Credit: Bad 640 FICO but slowly going up
Debt: Bad
$580 k mortgage @ 5.25% (little equity, interest only loan-can't refine until credit improves)
$6,500k student loans @4%
$8,500k car payment @9%
$11,500 credit card @ 3%
$19,000k IRS due this year
Income: Good
I earn $130k/year more or less. Plus earn an extra $2,800k/mo on rental income. What do I pay off first--the credit cards, then the IRS? How small a payment can I work out with the IRS while still paying down other debt?
Savings: Bad
$8,500 in money market and anemic retirement- $3k
Credit: Bad 640 FICO but slowly going up
Debt: Bad
$580 k mortgage @ 5.25% (little equity, interest only loan-can't refine until credit improves)
$6,500k student loans @4%
$8,500k car payment @9%
$11,500 credit card @ 3%
$19,000k IRS due this year
Income: Good
I earn $130k/year more or less. Plus earn an extra $2,800k/mo on rental income. What do I pay off first--the credit cards, then the IRS? How small a payment can I work out with the IRS while still paying down other debt?
Savings: Bad
$8,500 in money market and anemic retirement- $3k
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