The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Bankrupt or try to 'gut it out'? Date:  11/14/2012  11:55 AM
Author:  vkg Number:  306425 of 312155

Also take half of any tax return amount and put to credit card debt. Paying off highest interest ones first (the other half goes to saving for emergencies).

Having a plan is the first step. It depends on whether the plan works, and that will require time.

What is the interest rate on the Discover Card? Since it has a much smaller balance than the other accounts, it is a candidate for being paid off first.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us