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Posted in Paying Your Bills
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Question By
robine54

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what to pay first
pers loan with fixed bal or cc at limit level

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Top Contributor
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Pay the smallest debt first,  making the min payments on everything else. 

May want to checkout Dave Ramsey and the 7 Baby Steps. 

Good Luck

Top Contributor
7816 Contributions
1465 People Helped

For credit scoring purposes, it is always best to get credit card debt paid off before worrying about installment loan debt. For financial purposes, it is usally best to pay off whatever is going to save you the most money (paying off high interest debt) and for most folks that will be credit cards as they are typically more expensive to carry balances on than installment loans (not always the case though, so look at your rates on your accounts).

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