Do I need to Repay My Bank Cards or Figuratively Speaking?

You may think the clear answer goes without saying, but it is more complex than this indicates.

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Let’s imagine you’ve got $50,000 in education loan financial obligation and $5,000 in personal credit card debt. One should you put the extra money towards if you get a big tax refund this year, which?

The short solution is personal credit card debt should typically end up being your main concern, but just like many individual finance subjects, there isn’t any answer that is one-size-fits-all. In the fortunate position of having extra cash to use toward debt repayment, here’s a rundown of what you should consider if you find yourself. (more…)