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tip-debitfees-super---Got debt?

Tue, 11/18/2008 - 23:33 — taylor
Got debt? Pay down your highest interest credit card first. Once you've finished, put that money towards the debt with the next highest interest. Your progress to get rid of your debt snowballs with this method.
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I agree with paying off the

by RobertN on Tue, 01/12/2010 - 23:04

I agree with paying off the smallest balance first. If you are carrying a revolving balance(s), then the interest rate is not your problem. Your habits and mindset is the problem. The highest interest card may very well also carry the highest balance. In that case, paying off that card could take a very long time; time enough that you loose your intensity to get it paid off. Start with the smallest balance, the one that will go away the fastest, then keep that momentum going to the next one.