Welcome, Sam.As an FYI, the post you replied to is over 13 years old, so hopefully at this point, WorkingOnIt has already worked out their questions. ;-)I would go for paying the credit cards debt. even if the financials are in favor of other options.Especially in today's low interest rate and tight credit environment, that's probably a good idea.It is really strange how credit cards debts creap up to become a major hastle.The way to keep credit cards from becoming a hassle is to commit to paying them off every single month. If you don't carry any debt, then credit cards won't be a hassle.My action plan from now till the coming 6 months is to reach into a point where I am able to cut the cards and keep one for extreme emergencies.This is a good plan, assuming you don't see any need to borrow additional money (like for a mortgage or a car) in the future. If you do see the possibility for need for credit in the future, then you may want to consider using 2 credit card accounts on a regular basis, but paying them off completely every month.I know I am going thin on cash (having one month at hand) but I am willing to risk it to get rid of this evil.Keeping one month of expenses in cash on hand is a reasonable amount while paying down debt. However, just spending savings in order to pay off debt won't resolve your debt problem if you haven't resolved the issues that got you into debt. Have you examined your spending vs. your income to understand how you developed the debt in the first place?AJ
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