Which debt to pay off first: car loan or student loan?

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.
1 Answers

Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions.Learn more »

  • expertise badge
  • This site is verified as a Trusted Site by Best of the Web
  • TrustLink logoTrustLink logo
  • Customer ratings on BBB
  • IAPDA logo
  • Calchamber Member
  • Calbar Registered
  • D&B
  • Godaddy
  • yelp logo