Hi all,
I've started a new job that is a large increase in what I was making before, so I want to pay down some outstanding debt. I'm not sure how to go about it due to some factors. I understand the debt snowball vs debt avalanche but I've got a mix of zero interest debt and some credit card debt.
medical debt is:
1 450- I pay 50 dollars a month
- 1300- I pay 50 dollars a month
- 4600- I pay 100 dollars a month
Now I've also got roughly 9k in credit card debt which is at 10% APR. The minimum is 250 and I pay 300 right now.
After all my other expenses are taken care of (I can list them all if necessary) I have ~1000 left over (I'm putting about 250 aside in savings.)
So, should I pay off the medical debt first even though there is no interest on it? Or should I take care of the CC because it does have a 10% interest rate on it?
Thanks
Submitted July 27, 2018 at 08:05AM by vazili https://ift.tt/2uRyrPw
