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Old 07-06-2009, 03:46 PM   #2 (permalink)
RoonieRooToo
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Join Date: Feb 2009
Location: The wilds of Texas
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When I was killing off all our debt, I made a spreadsheet of the APR and Balance. Then I figured out what was the maximum I could pay each month.

I paid off based on highest APR. When one was knocked out, I rolled that monthly amount I was paying on that one to the next highest APR item.

You want to pay off based on APR to minimize your finance charges. Less to pay off overall if you pay the higher APR items off first!
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