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Should I take out a personal loan to pay off credit card debt?
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My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. We got approved for a 30K personal loan at a lower interest rate (8%) than our credit cards. I'm wondering if there's any good reason not to do this.
- We plan on using 100% of the loan to pay off higher-interest credit cards
- The minimum monthly payment on the loan is lower than the combined minimum payments of our cards.
- We have budgeted to pay more than the minimum each month
- The lower interest rate is locked in, providing we don't miss two consecutive payments (we are diligent in paying bills and not too worried about this)
- We both have stable employment, and if things go well we expect an increase in income (although obviously not counting on this)
- We have very little emergency savings
- We do have some family safety nets in a worst-case scenario
- Our credit is fairly good
Anything I'm missing or should look out for?
debt debt-reduction
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
add a comment |
My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. We got approved for a 30K personal loan at a lower interest rate (8%) than our credit cards. I'm wondering if there's any good reason not to do this.
- We plan on using 100% of the loan to pay off higher-interest credit cards
- The minimum monthly payment on the loan is lower than the combined minimum payments of our cards.
- We have budgeted to pay more than the minimum each month
- The lower interest rate is locked in, providing we don't miss two consecutive payments (we are diligent in paying bills and not too worried about this)
- We both have stable employment, and if things go well we expect an increase in income (although obviously not counting on this)
- We have very little emergency savings
- We do have some family safety nets in a worst-case scenario
- Our credit is fairly good
Anything I'm missing or should look out for?
debt debt-reduction
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago
add a comment |
My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. We got approved for a 30K personal loan at a lower interest rate (8%) than our credit cards. I'm wondering if there's any good reason not to do this.
- We plan on using 100% of the loan to pay off higher-interest credit cards
- The minimum monthly payment on the loan is lower than the combined minimum payments of our cards.
- We have budgeted to pay more than the minimum each month
- The lower interest rate is locked in, providing we don't miss two consecutive payments (we are diligent in paying bills and not too worried about this)
- We both have stable employment, and if things go well we expect an increase in income (although obviously not counting on this)
- We have very little emergency savings
- We do have some family safety nets in a worst-case scenario
- Our credit is fairly good
Anything I'm missing or should look out for?
debt debt-reduction
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
My spouse and I have about 40K in credit card debt, in addition to a mortgage payment and student loans. We have been working hard to pay off this debt and have been moving in the right direction. We got approved for a 30K personal loan at a lower interest rate (8%) than our credit cards. I'm wondering if there's any good reason not to do this.
- We plan on using 100% of the loan to pay off higher-interest credit cards
- The minimum monthly payment on the loan is lower than the combined minimum payments of our cards.
- We have budgeted to pay more than the minimum each month
- The lower interest rate is locked in, providing we don't miss two consecutive payments (we are diligent in paying bills and not too worried about this)
- We both have stable employment, and if things go well we expect an increase in income (although obviously not counting on this)
- We have very little emergency savings
- We do have some family safety nets in a worst-case scenario
- Our credit is fairly good
Anything I'm missing or should look out for?
debt debt-reduction
debt debt-reduction
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
asked 9 hours ago
thumbtackthiefthumbtackthief
4857 silver badges13 bronze badges
4857 silver badges13 bronze badges
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago
add a comment |
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago
add a comment |
2 Answers
2
active
oldest
votes
Should I take out a personal loan to pay off credit card debt?
Yes. 8% is much lower than 18%, so you'll save money.
Anything I'm missing or should look out for?
You might be missing the reason you're $40K in CC debt. We were $30K in CC debt because we didn't know where our money went.
Knowing that -- and strictly sticking to a budget while deep in debt -- was the key to us getting out. Everything else is just kicking the can down the road.
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
add a comment |
I would not recommend it.
The 30k is not enough to rid yourself of the CC debt, and you are not addressing your primary issue. This problem is one of overspending that is cleverly disguised as an interest rate problem. As such, if you do this debt consolidation, you will likely find yourself in 30K personal loan debt plus at least 40K in cc debt, plus the student loans, plus the mortgage, plus car loans.
Here is what I would propose, which is radical, but you guys are paying close to $600 per month in CC interest alone. Sorry, but to me it is more radical to work that hard for a bank just so you can have stuff.
On what planet did it make sense for a person in your situation to buy a home? If you have any equity at all in the house then, sell it. You can't afford to cover the emergencies associated with home ownership.
Same thing with the cars, sell them if you can. (You don't state it, but I assume you have car payments.) Replace with low cost beaters.
Get on a monthly written budget, and both of you need to work an extra job or two. Cut out all extra spending. No eating out, no movies, no subscription boxes, etc... Every extra dime goes to paying off debt.
Save 1,000 for emergencies.
Pay off your bills smallest balance to largest. Forget about interest rate, you need the encouragement of winning. You do that by having one of your balances go to zero.
This should go without saying, but cut up all credit cards, and close all CC accounts. Forget about points. You can't go on vacation until this mess is cleaned up anyway. Make a commitment to never borrow again, unless you are purchasing a house. If you decide to keep the house you currently have, then that is off the table too. If you do buy a home in the future, make the commitment to buy it with cash.
Also forget about 401K contributions for now. Radical, I know, but it worked for me.
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
add a comment |
2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
Should I take out a personal loan to pay off credit card debt?
Yes. 8% is much lower than 18%, so you'll save money.
Anything I'm missing or should look out for?
You might be missing the reason you're $40K in CC debt. We were $30K in CC debt because we didn't know where our money went.
Knowing that -- and strictly sticking to a budget while deep in debt -- was the key to us getting out. Everything else is just kicking the can down the road.
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
add a comment |
Should I take out a personal loan to pay off credit card debt?
Yes. 8% is much lower than 18%, so you'll save money.
Anything I'm missing or should look out for?
You might be missing the reason you're $40K in CC debt. We were $30K in CC debt because we didn't know where our money went.
Knowing that -- and strictly sticking to a budget while deep in debt -- was the key to us getting out. Everything else is just kicking the can down the road.
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
add a comment |
Should I take out a personal loan to pay off credit card debt?
Yes. 8% is much lower than 18%, so you'll save money.
Anything I'm missing or should look out for?
You might be missing the reason you're $40K in CC debt. We were $30K in CC debt because we didn't know where our money went.
Knowing that -- and strictly sticking to a budget while deep in debt -- was the key to us getting out. Everything else is just kicking the can down the road.
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
Should I take out a personal loan to pay off credit card debt?
Yes. 8% is much lower than 18%, so you'll save money.
Anything I'm missing or should look out for?
You might be missing the reason you're $40K in CC debt. We were $30K in CC debt because we didn't know where our money went.
Knowing that -- and strictly sticking to a budget while deep in debt -- was the key to us getting out. Everything else is just kicking the can down the road.
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
answered 9 hours ago
RonJohnRonJohn
18.7k5 gold badges36 silver badges76 bronze badges
18.7k5 gold badges36 silver badges76 bronze badges
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
add a comment |
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
Short and sweet. 8%, 0%, a 401(k) loan, whatever. You wrapped it up beautifully, the reason.
– JoeTaxpayer♦
6 hours ago
add a comment |
I would not recommend it.
The 30k is not enough to rid yourself of the CC debt, and you are not addressing your primary issue. This problem is one of overspending that is cleverly disguised as an interest rate problem. As such, if you do this debt consolidation, you will likely find yourself in 30K personal loan debt plus at least 40K in cc debt, plus the student loans, plus the mortgage, plus car loans.
Here is what I would propose, which is radical, but you guys are paying close to $600 per month in CC interest alone. Sorry, but to me it is more radical to work that hard for a bank just so you can have stuff.
On what planet did it make sense for a person in your situation to buy a home? If you have any equity at all in the house then, sell it. You can't afford to cover the emergencies associated with home ownership.
Same thing with the cars, sell them if you can. (You don't state it, but I assume you have car payments.) Replace with low cost beaters.
Get on a monthly written budget, and both of you need to work an extra job or two. Cut out all extra spending. No eating out, no movies, no subscription boxes, etc... Every extra dime goes to paying off debt.
Save 1,000 for emergencies.
Pay off your bills smallest balance to largest. Forget about interest rate, you need the encouragement of winning. You do that by having one of your balances go to zero.
This should go without saying, but cut up all credit cards, and close all CC accounts. Forget about points. You can't go on vacation until this mess is cleaned up anyway. Make a commitment to never borrow again, unless you are purchasing a house. If you decide to keep the house you currently have, then that is off the table too. If you do buy a home in the future, make the commitment to buy it with cash.
Also forget about 401K contributions for now. Radical, I know, but it worked for me.
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
add a comment |
I would not recommend it.
The 30k is not enough to rid yourself of the CC debt, and you are not addressing your primary issue. This problem is one of overspending that is cleverly disguised as an interest rate problem. As such, if you do this debt consolidation, you will likely find yourself in 30K personal loan debt plus at least 40K in cc debt, plus the student loans, plus the mortgage, plus car loans.
Here is what I would propose, which is radical, but you guys are paying close to $600 per month in CC interest alone. Sorry, but to me it is more radical to work that hard for a bank just so you can have stuff.
On what planet did it make sense for a person in your situation to buy a home? If you have any equity at all in the house then, sell it. You can't afford to cover the emergencies associated with home ownership.
Same thing with the cars, sell them if you can. (You don't state it, but I assume you have car payments.) Replace with low cost beaters.
Get on a monthly written budget, and both of you need to work an extra job or two. Cut out all extra spending. No eating out, no movies, no subscription boxes, etc... Every extra dime goes to paying off debt.
Save 1,000 for emergencies.
Pay off your bills smallest balance to largest. Forget about interest rate, you need the encouragement of winning. You do that by having one of your balances go to zero.
This should go without saying, but cut up all credit cards, and close all CC accounts. Forget about points. You can't go on vacation until this mess is cleaned up anyway. Make a commitment to never borrow again, unless you are purchasing a house. If you decide to keep the house you currently have, then that is off the table too. If you do buy a home in the future, make the commitment to buy it with cash.
Also forget about 401K contributions for now. Radical, I know, but it worked for me.
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
add a comment |
I would not recommend it.
The 30k is not enough to rid yourself of the CC debt, and you are not addressing your primary issue. This problem is one of overspending that is cleverly disguised as an interest rate problem. As such, if you do this debt consolidation, you will likely find yourself in 30K personal loan debt plus at least 40K in cc debt, plus the student loans, plus the mortgage, plus car loans.
Here is what I would propose, which is radical, but you guys are paying close to $600 per month in CC interest alone. Sorry, but to me it is more radical to work that hard for a bank just so you can have stuff.
On what planet did it make sense for a person in your situation to buy a home? If you have any equity at all in the house then, sell it. You can't afford to cover the emergencies associated with home ownership.
Same thing with the cars, sell them if you can. (You don't state it, but I assume you have car payments.) Replace with low cost beaters.
Get on a monthly written budget, and both of you need to work an extra job or two. Cut out all extra spending. No eating out, no movies, no subscription boxes, etc... Every extra dime goes to paying off debt.
Save 1,000 for emergencies.
Pay off your bills smallest balance to largest. Forget about interest rate, you need the encouragement of winning. You do that by having one of your balances go to zero.
This should go without saying, but cut up all credit cards, and close all CC accounts. Forget about points. You can't go on vacation until this mess is cleaned up anyway. Make a commitment to never borrow again, unless you are purchasing a house. If you decide to keep the house you currently have, then that is off the table too. If you do buy a home in the future, make the commitment to buy it with cash.
Also forget about 401K contributions for now. Radical, I know, but it worked for me.
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
I would not recommend it.
The 30k is not enough to rid yourself of the CC debt, and you are not addressing your primary issue. This problem is one of overspending that is cleverly disguised as an interest rate problem. As such, if you do this debt consolidation, you will likely find yourself in 30K personal loan debt plus at least 40K in cc debt, plus the student loans, plus the mortgage, plus car loans.
Here is what I would propose, which is radical, but you guys are paying close to $600 per month in CC interest alone. Sorry, but to me it is more radical to work that hard for a bank just so you can have stuff.
On what planet did it make sense for a person in your situation to buy a home? If you have any equity at all in the house then, sell it. You can't afford to cover the emergencies associated with home ownership.
Same thing with the cars, sell them if you can. (You don't state it, but I assume you have car payments.) Replace with low cost beaters.
Get on a monthly written budget, and both of you need to work an extra job or two. Cut out all extra spending. No eating out, no movies, no subscription boxes, etc... Every extra dime goes to paying off debt.
Save 1,000 for emergencies.
Pay off your bills smallest balance to largest. Forget about interest rate, you need the encouragement of winning. You do that by having one of your balances go to zero.
This should go without saying, but cut up all credit cards, and close all CC accounts. Forget about points. You can't go on vacation until this mess is cleaned up anyway. Make a commitment to never borrow again, unless you are purchasing a house. If you decide to keep the house you currently have, then that is off the table too. If you do buy a home in the future, make the commitment to buy it with cash.
Also forget about 401K contributions for now. Radical, I know, but it worked for me.
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
edited 8 hours ago
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
answered 8 hours ago
Pete B.Pete B.
56.4k14 gold badges124 silver badges174 bronze badges
56.4k14 gold badges124 silver badges174 bronze badges
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
add a comment |
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
4
4
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
Eliminating 401(k) contributions is a pay-cut if there's an employer match.
– RonJohn
8 hours ago
1
1
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
@RonJohn wow, I never heard that before. I mean really, will that comment never die?
– Pete B.
8 hours ago
3
3
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
Give the same answer, get the same comments, I suppose. Why shouldn't they do all the things you propose to get out of debt and also use the loan to reduce rate?
– Hart CO
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
@HartCO that was exactly my thinking. It's the same as doing a 0% balance transfer: important, but insufficient , since -- as mentioned in my own answer -- you've first got to figure out why you're in so much debt.
– RonJohn
7 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
You get a +1 from me, not for agreement, but for a well articulated answer. When I look at my (and the missus) 401(k) balances, and see the amount that came from matching, more than most people even have at retirement, I'm a "don't ignore the match" guy. Even if it means 60F in the winter, no cable, and rice and beans 5 days a week.
– JoeTaxpayer♦
6 hours ago
add a comment |
What does the personal loan rate go to if payments are missed? What are your credit card interest rates?
– Hart CO
8 hours ago
It increases by 3% if we miss two payments; our credit card interest rates are all higher than 8%, with one as high as 19%. Obviously we'll pay off the highest ones first and just go down the list.
– thumbtackthief
6 hours ago