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Send message to murray4503
Sub: #1 pay off some cc debt or lease?
Replied on 06-19-2009, 07:27 PM
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I have recently just come into some extra money. I can either pay off some cc debt (which is about 30k) or pay off a high lease of 500 monthly. If I pay off lease it will free up money to pay off these cc's. Can someone just tell me what they think will benefit me more?? Thanks for any suggestions.

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Sub: #2
Replied on 06-20-2009, 02:27 PM
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For what it's worth I suggest paying off the lease first then paying down the credit cards. The lease will hurt you more long-term if you ever get in a bind; much more than the credit cards will.


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Sub: #3
Replied on 06-20-2009, 04:03 PM
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Pay off the lease and then whittle away the CC's over time.

If you pay off the CC's and then somehow can't pay the lease, you'll end up using the freed-up CC's to pay the lease, and you'll be right back where you started.

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Sub: #4
Replied on 06-20-2009, 07:25 PM
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Thats what I was leaning toward, thank so much for the advice. Does anyone know if it will then show on my credit report that I no longer owe that any more??? Sorry for so many questions.




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