March 20th, 2008
Which Of My Debts Should I Clear First?
When it comes to eliminating debt, many people are uncertain which of their outstanding bills to pay off first. While the logical answer may seem to point towards the direction of the debts with the highest interest rates, that always is not the best route. The first step to eliminating debt is to assemble all current debts and verify their current balances and interest rates. Also, comparing interest rates over time also helps to establish the priority of that debt.
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