Pay off debt or save now
Date: Wed, 02/17/2010 - 03:39
I'm sure that many of you too might have faced the same dilemma between paying off debt and saving. I have around $15k debt in my four credit cards; 2 with BofA and one with Citi and Capital One each. I'm still current on these but given the increased rates, my minimum payment is going to shoot up from next month. I want to know what I should do in this case. Shall I continue paying the bills, which seems to be taking ages to repay the debt, or I put more emphasis on saving now and consider about the creditors later?
I'm not sure how to advise you but have you spoken with any of t
I'm not sure how to advise you but have you spoken with any of these creditors about an interest rate decrease, that would be my first move.
