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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Impact of a derogatory-FICO Date:  10/29/2003  10:15 AM
Author:  windyelliott Number:  172494 of 312187

I would take most of it and pay off the debt. More then likely you are paying a higher percentage of interest on the debt then you are getting back in the emergency fund. Also, if you lost your job and needed the efund, most of it would have go toward paying the debt monthly at any rate. So if you pay off the debt, you could actually get by with a smaller efund.
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