Short Answer: YesLong Answer: Depends on your credit card interest. Do you have a budget? Do you know where all your money goes? How much spare cash is available at the end of the month? All these quetions need to be answered before you can come up with a plan. Just saying I will pay off the loan with the investment may not be best option. Checkout the snowball calculator and see how quick you can pay your credit cards off. A detailed list of debt along with interest rates will help us help you.On the bright side you have recognized the problem and the biggest step one has to take.Good Luck,LB
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