Help, Pay Off Question

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3 posts
socal1224
 
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Help, Pay Off Question

Postby socal1224 » Mon Mar 01, 2010 8:07 am

I have 2 cards, one with a balance of 1700 with a limit of 3000 APR of 26% and one, APR 12%, with a balance of 1500 with a 1600 limit. I have 1500 to put towards a card, should I pay off the one card completely with the high balance or the one with the high interest? Thanks


FidelityAmex
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Postby FidelityAmex » Mon Mar 01, 2010 11:37 pm

I would pay the one with high interest first, so you don't get hurt from finance charges. And for the one with high balance, it's already hurt you on the report because you are almost reach the credit limit.

I'm still new with credit card, but yeah I would pay off the one with high interest first. You do the math, it will make more sense. ;)

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alsteig
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Postby alsteig » Tue Jun 01, 2010 1:40 am

Pay Interest First



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