Pay off Debt: Highest Interest or Smallest Amount?

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Uploaded by on Aug 22, 2011

Youapos;ve got a little extra money and want to destroy some debt. But which should you pay off first - the smallest debt, or the one with the highest interest rate?

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  • @jerrylittlemars Yeah thats good :) Credit cards are a sure way to get trapped in a never ending circle of debt.

  • @fredu89 amen, that's what I do! I'll never sign up for one those lousy credit cards. I was just at the bank last week and they wanted me to get one, I said HECK NO!!! I rock debit cards all the way lol!

  • Here is a revolutionary idea, get debit cards and cut up the credit cards.

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