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To: brownsfan

Does Dave recommend paying the highest interest debt off first? It has been a while since we have attended FPU and I honestly can’t remember. I thought he advocated paying the smallest debt first so you could start your debt snowball rolling. I could be mistaken, it wouldn’t be the first time(don’t tell my husband, lol).


5 posted on 08/31/2010 9:07:07 AM PDT by christianhomeschoolmommaof3
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To: christianhomeschoolmommaof3
Does Dave recommend paying the highest interest debt off first?

No, Dave recommends that you list all your debt smallest to largest and zero in on the smallest first. What you can do about those high interest rates is see if you can negotiate them down. If they are really high and they will not budge, you can move them to a card that has a lower interest.

But, what Dave will tell you is that unless they are extremely high, it is best to pay them off, lowest to highest.

7 posted on 08/31/2010 9:32:13 AM PDT by Slyfox
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