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QUESTION DETAIL
Related User
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We have two bank loans. On one we owe $12,485 with 0% interest until April of 2010. We pay $400 per month on this loan. The other loan we owe $2,200 with a 3.99% interest rate until the loan is paid. We pay $150 per month on this loan. We have an e
ANSWER
The BIDaWIZ Team's Answer:
I suggest that you apply the extra $900 to the "3.99%"
loan. All excess funds should be used to payoff the debt with the
highest interest rate.
