I have a no intrest card until 9/07 which will be 22.98 and a 18.9 now. Who should i focus on paying dwn?
Answer:
Pay down the 18.9 %. 9/07 is over a year away.
Pay it all off, why pay any interest
I'd say pay off the higher balance.
Pay the one with the most interset first
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JohnsMatrix is correct, pay in the order of the interest now. Get the balances as low as possible and then transfer to another 0% interest card if you can until they are paid in full. Then, once those cards are paid off, start socking the money you were sending to the balances away in a savings account. That way, you do not have to use credit cards in the future and pay that nasty interest!
First focus on paying the card with 18.9. That's the killer right there.
Second, attack down the 0 zero interest.
Your ultimate goal is get out of debt totally before 09/07. After that. try not to use credit carelessly. If you want to be wealthy. Credit card is not one of the solution
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