Which debt to pay off first: car loan or student loan?
Asked on Mon, 12/19/2011 - 11:49 Anonymous
Currently I'm maintaining two loans – a car loan with $5,600 at 4.87% and a subsidized student loan of $7,800 at 6.9% interest rates. Which one should I pay off first? Please help me, as I've no clue. Thank you.