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max550

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is it better to pay off car loan first or credit cards

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Keep up the payments on the car or it could be repossessed and repossession is a big negative on your credit report.  But you shouldn't be carrying a balance on credit cards either and you could be paying higher interest on them than on the car loan.

Consider doing this for the best benefit.  Continue making the car payments as usual AND increase the amounts you pay on your credit cards so that they will be paid in full faster.  THEN, once they are paid in full, add the extra money to the car payment. And make it a goal to pay credit cards in full each time the bill comes in.

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I would pay off whichever has the higher interest.

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