Question

So I should be getting about $1600 back from my taxes this year. I have 4 personal loans: 1. $900 2. $1300 3. $1600 4. $ 3700 AND 3 credit cards 1. $1100 2. $750 3. $500 My 3 credit cards have 4% interest rate but have been maxed out for a while. My personal loans are almost a year old but with a MUCH HIGHER rate. What should I apply my money to?! I also need to put aside about $600 for my dogs spay.  

Answer 1

Not sure if this is an option in your area but once or twice a year I see events for low cost spay/neuter and vaccines for dogs. Sometimes it’s a shelter and sometimes it’s the veterinary schools that will host them. Maybe that can help with the spay cost and you can put more toward debt?  

Answer 2

I would pay off the $900 loan and put the other $100 on the $500 cc

Answer 3

I'm team avalanche all the way. Choose the highest interest rate and get rid of it!  

Answer 4

Snowball your debt. Pay off the smallest debts and use the minimum payments on them to pay off the larger debts quickly