Posted on April 9, 2009 at 10:08 am Hey everyone i am in a little pickle, but better now that i have a job...lol So i have a reconsolidated loan that is at $63000 at a 6.0% Variable rate through wells fargo. Now i make 65k a year at my new job. This is the only debt i have, I use an AMex so i don’t monthly credit card bills. My question is what is the best way to quickly pay this off. Should i just pay the minum and put money in to stocks or saving and wait till i have cash or should i start paying more then the monthly "$550 dollar or so payment its been. My next question is that wells Fargo said they won’t give me a 1080 for my taxes. Can i still write off the interest even after i reconsolidated   Thanks everyone ~Brand

Posted on April 9, 2009 at 12:54 pm Instead of paying interest in the debt, it is better to pay off the debts and be away from further debts. 

Posted on April 9, 2009 at 12:55 pm Make a chart and try to pay a minimum of $750a month.This will help you to reduce the burden in case of any anomalities in your job.

Posted on April 9, 2009 at 1:02 pm thanka all , so if i pay more then the minum they wont charge me extra interest but more principal