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cazajosa
Joined: 01 Mar 2005
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 Posted: Tue Mar 01, 2005 8:46 pm Post subject: Need Advice on how to manage income tax |
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| Hi, I need some advice on what to do with my upcoming income tax money. I will be receiving about $1500 and am undecided on what to do with it. I can finish paying my car note, which is $1650 or pay off 3 of my credit cards. If I pay off my car note, I will be saving about $300 a month. If I pay off my credit cards I won't have to worry about them and save all that interest. One thing I should mention, I am behind and over the limit on all of them. I'll still have 3 more cards to worry about and another car note as well. Any suggestions will be greatly appreciated. Thanks in advanced. |
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simon
Customer Care Dept
Joined: 11 Dec 2004
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| Posted: Thu Mar 03, 2005 7:54 pm Post subject: Re: Need Advice on how to manage income tax |
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Hi cazajosa,
The debt with greater interest should be disposed off first. Therefore pay off your car note first and consolidation will be a good option for your credit card debts.
Thank you,
Simon |
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