Mind | This is regarding Debt. The video I watched here said to pay off one with highest APR, but there was another that said to pay off lowest credit card debt first. What do you think?

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Question About Mind

6 years ago

This is regarding Debt. The video I watched here said to pay off one with highest APR, but there was another that said to pay off lowest credit card debt first. What do you think?

Donna Leon

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Responses (2)

Scott Dentice0 points

6 years ago

Why in the world would you pay of your lowest APR first? Every month you don't pay off your debt results in more debt in the form of interest and the higher the APR the higher that debt.