Posted on
March 21, 2009
at
7:49 pm
I would clear the credit card first as it charges you more interest. Try and not put anymore transactions on it.
Posted on
March 21, 2009
at
9:28 pm
It depends on which one charges you a higher interest rate. Credit cards generally have higher interest rates. Some of them don't charge interest for a certain period, say 6 months or so. It also depends on how large each loan is as the larger the loan, the higher the amount of money the interest is.
Posted on
March 22, 2009
at
4:03 pm
High interest credit card debts are very detrimental. Is it possible to set up a debit card where that you can use to deduct monthly expenses. Currently, all of my household bills are deducted from a prepaid debit card. While I do pay for a monthly fee and reload fee, it's saved me so much money on interest fees. And, there are no over draft fees like with a bank or credit card.
Posted on
March 22, 2009
at
4:15 pm
Credit Card. It carries high interest if you don't get it paid. Just assure the person you took the loan from that you are getting the credit card paid and you will pay them as soon as you can.
Posted on
March 24, 2009
at
4:51 am
I would pay my credit card first and close it forever and then start with the personal loan ... and become free forever.
Posted on
March 28, 2009
at
11:19 am
Best to get rid of the credit card debt. Some credit card companies have started using sneaky tactics and raising interest rates on unsuspecting consumers. They can charge you interest from the first day you make a purchase too. I posted about this subject on my blog: Sneaky tactics that credit card companies use to cheat you out of money.
Posted on
March 28, 2009
at
11:34 am
I would still clear the one with the higher interst. Even if you use the car again. If you clear the loan and not the card and you use ti the amount owing would go up and then more interst would be added. If you clear toe old the amount would I am guessing be lower than if you add to a ballance already there.
Posted on
March 28, 2009
at
12:20 pm
Pay off the one that has the highest interest rate first. IF it is the credit card, pay that one off first and then once it is paid off, close the account. An open account with a zero balance will work against your FICO score.
Posted on
April 1, 2009
at
5:46 pm
Well I say the credit card first because as you stated yourself the interest is higher than the personal loan. But than again what if something happens and you need to borrow money again would you rather borrow from the person or the credit card you should ask yourself that as well. i hope this helps and take care.
Posted on
April 1, 2009
at
5:52 pm
i think you should creat credit card first.
