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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Getting out of Credit Card Debt Date:  11/17/2000  11:34 AM
Author:  spyguy1022 Number:  49628 of 309665

nolalou -

First of all, great job on your efforts to save and invest. As to the credit debt - there are a few things you need to consider. What interest rate are you paying on your credit cards? If you can access your "non-retirement" mutual funds to pay off the debt without a pentalty, this may be a good idea. HOWEVER, you absolutely do not want to use invested money to pay off debt if you are just going