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Author: zoramae Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308688  
Subject: Re: February Update Date: 3/2/2008 3:17 PM
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Why don't you take the extra proceeds and pay off the AT&T Universal card? I know it's at 2.9%, but one less payment is one less payment.
You could retire the family loan, the AT&T Universal card, and still make a sizeable dent in Chase 2 or 3.


I've considered doing this several times but always end up sticking with the higher-interest-rates-first philosophy. But you're right, one less payment has its upside, too. Especially since I managed to screw up the pay date on the AT&T card by one day 2 months ago and incurred a $40 late fee. [When I called to point out my otherwise-perfect payment history on this card over many years and asked them to waive the fee, I was told it was "not available on my account at this time," which I took to mean "we haven't made nearly enough money off of you over the years." Anybody know of an appeal that might work to get the fee removed?] I was surprised the rate didn't go up, too, but it didn't. All that to say, thanks for mentioning it, I will continue to noodle it around, but for now, interest rate still wins I think. I did fix the cause of the late payment so that can't happen again.

*Don't forget about the tax ramifications from selling stocks*.

Right, thanks. Thankfully it was LT gain, so our tax liability is only about $1,500. Our tax advisor said no need to pay it now, just plan on it next April, so that's what we're doing.
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