5 responses to “Should I pay off 1 credit card or 1 loan?”

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  Missy September 21st, 2010 at 23:05

  Francis

  Pay off whichever one has the highest interest rate.

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  nlineker September 25th, 2010 at 02:29

  Gladys

  Pay off the one with the highest rate of interest – probably the credit cards. These cost you more money so you will want to get rid of that debt first.

• 

  Dan September 26th, 2010 at 09:04

  Zachary

  pay off the one with higher interest. the interest is what is killing you.

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  Judy September 28th, 2010 at 03:23

  Alfred

  Pay off credit card if you want to improve your credit rating.
  That debt is revolving debt – damaging to your report if you carry balances – which some people do.
  /

• 

  badtubby September 29th, 2010 at 18:29

  Gerald

  Missy has the correct answer here and carrying a balance on your revolving debt as long as it is under 30% of the total limit is not damaging to your credit regardless of what other people tell you.