I have a lump sum of money and I want to pay off some debt. I can choose between student loan and credit card debt. The credit cards have a higher interest so I am inclined to pay them first, however my concern is that we will just charge them up again. If I pay off the student loans at least I know they won't come back. So my question is do I need credit cards? What would be the ramifications of me closing them after they are paid off? I do pay a mortgage every month as well as cell phone, internet, etc. Thanks
Submitted September 07, 2018 at 08:43AM by MyBigNose https://ift.tt/2wRinxG
