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Personal Finance and Investing

Tobin S.

(10,420 posts)

6. Thanks, lastlib. That makes sense.

Reply to lastlib (Reply #5)

Wed Feb 18, 2015, 07:03 PM

Feb 2015

Yes, even though the payment on the personal loan is higher, more of that payment goes to the principle. It was a seven year loan on $25,000 and I have about 3.5 years to pay on it. I suppose the credit card debt could turn into something akin to a mortgage if I don't get on top of it.

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This message was self-deleted by its author [View all] Tobin S. Feb 2015 OP

If it was up to me: Pay down the credit card bill first. In_The_Wind Feb 2015 #1

Hi Tobin Kali Feb 2015 #2

You and ITW have similar reasoning Tobin S. Feb 2015 #3

Another good thing about paying down your credit card balance: Your monthly payments will drop. In_The_Wind Feb 2015 #4

My question is: Which one is costing you the most? lastlib Feb 2015 #5

Thanks, lastlib. That makes sense. Tobin S. Feb 2015 #6

yeah, that one can explode on you, lastlib Feb 2015 #7

mortgage product johngflynn657 May 2015 #8

While you've probably already decided what to do, SheilaT May 2015 #9

Spam deleted by MIR Team juansan Jul 2015 #10

Message auto-removed Name removed Jul 2015 #11