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:2 Theories on paying off debt:
:1) Pay the minimums on all your bills, except for the one with the highest INTEREST rate. Pay your extra $575 to $1000 on that card. When that card is paid off, take the amount you were paying on it, and pay it to the next highest interest rate card. This way, you will pay off the higher loans first.
:2) Pay the minimums on all bills, except the card with the lowest balance due. Pay the $575 to $1000 extra to that one. Once it's gone, apply that money to the next lowest card. This way, you will feel a sense of accomplishment, as you pay off your cards.3) Find out if any of your credit cards offer low interest balance transfers (they usually mail these out every few months.) They'll offer anywhere from 0% to 7% interest. If one of them does, pay the minimum amounts on the others, and put everything towards paying this card off. Then, when it's paid off, take advantage of their balance transfer offer and transfer as much as possible from your highest interest rate loan/cc to this card. Then pay the minimum on this card and throw all available fundage at the highest interest rate card/loan and let this low interest cc sit around until it's last...
///jrb
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17:56:52 11/04/03
