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Saving, Managing Debt, and Budgeting

Credit Problems

What is the best order of priority to pay off credit card debt?

You should make a list of all your credit card debts, and determine the interest rate on each of these obligations and each monthly payment. Give highest priority to the credit card debt that carries the highest interest rate and highest monthly payment. Give higher priority to debts with no tax advantages, such as credit cards, than to debts such as mortgages, as there are tax advantages to having the mortgage.



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