The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Interest Rate V. Amount owed Date:  9/4/2012  10:26 AM
Author:  PSUEngineer Number:  305852 of 312187

It depends on the value to the OP. If paying down the larger loan keeps the OP on target of decreasing debt and feeling better about it, then the $25 could be worth it.

The point I was making was in response to it being easier to keep up with one payment over two. IMO, it is easier to keep up with two payments than clip 100 $0.25 coupons and use them at the grocery store. The coupons would take a lot more time and organization than paying two CCs instead of one.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us