ST Alpha - "pay off the high interest card. Then focus the moneyh you had been using to pay that card off to the high debt -- nm" (Reading a Post)

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In response to "ST-afterdark: I've come into some money, should I apply it to a crazy ass high interest card to pay it off completely, pay down a chunk of the highest" by Qale

pay off the high interest card. Then focus the moneyh you had been using to pay that card off to the high debt -- nm

Posted by Remlik (aka remlik) Jul 7 '09, 21:16

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Responses:

That doesn't free up really that much, only around 30 a month. The highest total debt one is 70 a month, but I bet the chunk would only pull it down - Qale Jul 7, 21:21 8
- then put 100% there. -- nm - loosilu Jul 7, 21:22 7
  - There as in highest interest, or there highest total debt and highest monthly annoyance. -- nm - Qale Jul 7, 21:25 6
    - Put 100% toward the highest interest rate. Don't be fooled by monthly payments, that's what got you in trouble in the first place, mst likely. - loosilu Jul 7, 21:27 5
      - You're actually still combining the two amounts but I get what you're saying. - Qale Jul 7, 21:37 1
        
        ah, sorry, got confused. -- nm - loosilu Jul 7, 21:39
      - Right, the high interest is costing him more every month that it's there. - Ender Jul 7, 21:30 2
        
        There is the added psychological effect I'll have by having it completely gone too. -- nm - Qale Jul 7, 21:36 1
        
        it is a definite booster. -- nm - b! Jul 7, 21:37

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