I’ll be reviving $1,000 (a refund check from my university). Im planning on using it towards a credit card balance to hopefully lower a monthly payment. However, I’m not sure which one,...the card with the highest balance or the card with the highest interest? And does it even matter witch one I put it towards? I usually pay the minimum (which I know is awful but all I can do for right now)
My cards with the highest balances:
Card #1 balance $1900 apr 24.74% (monthly min is $60)
Card #2 balance $4000 apr 25.24% (monthly min is $140)
Card #3 balance $7500 apr 19.74% (monthly min is $200)
Which would you recommend putting the money towards? Which will lower my overall monthly payment amount?
Submitted September 12, 2018 at 03:38AM by garbagecan94 https://ift.tt/2O9XbKx
