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I have about 10k in to pay off a debt. I have a cc debt that sits around 8k, and I think I was charged about $100 in interest last month. I also have a loan that still has 12k to become fully paid off. I make regular monthly payments of $800. I have not missed any payments on either credit card, or loan.
Long story short, I’ve been headed in the debt-free direction for a while, but I’m just not sure which is the best move to make for my next one. Is it better to pay off the loan, and free up that monthly payment to put towards my credit card? Or is it better to pay off my credit card, since it has an interest , that’s not fixed in a monthly payment like the loan is… any advice?
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- 2 years ago
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