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zwackerm
Hold the door!
Joined: Sun Jun 01, 2014 10:26 pm
Posts: 21450
Location: West Chester, Pennsylvania
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 Paying off Debt Calling all financial experts. If you had 17k in debt at 5% APR and 21k in debt at 10% Apr, would you pay all the extra payments to the 21k at 10% and only pay the minimum on the 17k?
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| Sat Apr 20, 2024 2:05 pm |
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Excel
Superfreak
Joined: Sat Aug 20, 2005 12:54 am
Posts: 22180
Location: Places
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Re: Paying off Debt At quick glance, yes; $21k is more than $17k, and 10% is higher than 5%...
_________________Ari Emmanuel wrote: I'd rather marry lindsay Lohan than represent Mel Gibson.
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| Sun Apr 21, 2024 1:28 pm |
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Shack
Devil's Advocate
Joined: Sun Jul 31, 2005 2:30 am
Posts: 40222
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Re: Paying off Debt zwackerm wrote: Calling all financial experts. If you had 17k in debt at 5% APR and 21k in debt at 10% Apr, would you pay all the extra payments to the 21k at 10% and only pay the minimum on the 17k? What's the minimum for each? _________________Shack’s top 50 tv shows - viewtopic.php?f=8&t=90227
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| Sun Apr 21, 2024 5:09 pm |
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zwackerm
Hold the door!
Joined: Sun Jun 01, 2014 10:26 pm
Posts: 21450
Location: West Chester, Pennsylvania
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Re: Paying off Debt Shack wrote: zwackerm wrote: Calling all financial experts. If you had 17k in debt at 5% APR and 21k in debt at 10% Apr, would you pay all the extra payments to the 21k at 10% and only pay the minimum on the 17k? What's the minimum for each? $400 something for the 21k, like $200ish for the 17k
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| Sun Apr 21, 2024 10:04 pm |
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Shack
Devil's Advocate
Joined: Sun Jul 31, 2005 2:30 am
Posts: 40222
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Re: Paying off Debt I've never been in debt but I can't really think of any reason not to pay the bigger one with more interest.
_________________Shack’s top 50 tv shows - viewtopic.php?f=8&t=90227
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| Sun Apr 21, 2024 10:23 pm |
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publicenemy#1
Extraordinary
Joined: Tue Oct 12, 2004 12:25 am
Posts: 19356
Location: San Diego
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Re: Paying off Debt Maybe you can do a balance transfer to a new credit card that has no interest for x amount of months if your credit allows you to open another card.
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| Sun May 05, 2024 1:25 pm |
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