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Got caught in a bad real estate deal. I am getting out but need a debt reduction strategy. What debt should?

  • fordman posted: 14 Aug at 5:21 pm

    I believe that I would attack the car loan first, as it has the highest interest rate. The credit card also needs to be paid down but until they start charging interest, it isn’t too bad.

    Would it be possible for you to sell the car, and purchase one with lesser value? Then you may have more cash to help pay down some of the other debt.

    Good luck.

  • mister ed posted: 17 Aug at 8:42 am

    car studed loan and than the credit card!!!

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