How to solve debt?
2008-01-18 7:20 am
let say you own about $160,000 for creditcard and you have money now would you payoff first or wait and use money to invest what would you do? please give me some advice. I am not good at mange money. And I want to learn more. Thanks!
回答 (1)
2008-01-18 7:39 am
✔ 最佳答案
if you can invest and the return to the invstment is greater than the credit card interest rate then the answer would be yes because after all you still make a gain.However, credit card interest rate is not like mortgage interest rate, it is rather high. Unless you can make a one month gain for 25% or more,you should repay the credit card first.
I hope this can help you.
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