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Maxncook

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Pay off 5yr loan or 1/2 of credit card debt ? loan @6.5% CC @ 10.24%.

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The goal should be to get things paid off as soon as possible and not have any late payments show on your credit report.  I'd recommend working hard on getting the credit card debt paid off and strive to pay the balance in full every month.  That will really help your credit score.  Continue making regular payments on the loan and, once you have the credit card debt paid in full, you might start sending a little extra in the loan payment with the goal of getting it paid off ASAP.  You also save on interest that way.

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Always pay the highest interest loans or credit cards. Interest is money down the drain, so those should be dealt with first, rather than the highest balance. Put as much money as you can towards the higher interest and be sure you make payments on all other loans/credit on time. Once the highest interest loan is paid off, put all the money you were paying on that to the next highest interest loan.

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