Monday, June 6, 2011

Personal Finance, Should i Pay credit card or pay off Car loan ...

please help me make a great decision.

I have six thousand dollars to pay my car loan in full that has a 5.5 percent over 4 years. but i also have a 15 thousand dollar debt on a 13 percent credit card. What should i do? should i pay the car in full or should i make that payment to my credit card which looks like it never goes any lower than what i owe.

also please give a good reason why my money should go to that particular payment. either the car or the credit card.

Source: http://g7finance.com/personal-finance/business-finance-questions-and-answers/personal-finance-should-i-pay-credit-card-or-pay-off-car-loan/

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