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How do you pay back your debt?
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Tim in WI
Posted 8/9/2011 19:51 (#1904807 - in reply to #1904746)
Subject: RE: How do you pay back your debt?



Embarrass WI

We always tried to pay off the highest interest rate loans. Loans that were set up so you could re-borrow it if needed got priority also.

Why would you pay on a lower rate loan and not on a higher rate one? Paying down the higher rate loan gives you the best return for your money.

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