Skip to main content
No. of Recommendations: 0
So here's my current situation:
20K debt @0% till april 2015

Monthly out:

Monthly in:

I have my company match down already at the max company contribution at this point. I have not invested in 2014 roth yet but i know i have till april next year to invest if needed. So my question is how I should pay off my debt? One simple way i can think of which is what i am doing now is just pay off the minimum requirement from the 0% while keeping existing charges at 0 and just "wait it out" till the 0% expires then pay it lump sum. I also thought about investing in Roth asap but that would delay me by a few months in paying things off.

I do have FICO score 721 right now and i have another CC with credit line ~24k and they offer 0% every now and then so i *could* do that if i really need to but i dont see the reason to right now.... Should i stay current course and try to pay off the debt till next year then worry about investments/buying house etc? Because buying a house is also on my mind since I rather invest the 1200/month rent into mortgage....Thanks!
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.