Which loans to pay off first...

Which loans to pay off first...
by

1 Answer

Answer :

answer:If you are paying 8% interest on even one of your student loans, you are paying too much. Consider consolidating. I say pay the car loan first; it will raise your credit score by a larger amount than the student loans.
by

Related questions

Do I need to pay off both student loans before I can receive FASFA agian?

Description : Do I need to pay off both student loans before I can receive FASFA agian?

Last Answer : Did you look at the FAFSA website?

Who provided the money to pay off the loans Ted Cruz got from Citibank and Goldman Sachs?

Description : Who provided the money to pay off the loans Ted Cruz got from Citibank and Goldman Sachs?

Last Answer : You can get campaign contribution and expenditure reports at the FEC web site.

How much interest will I save if I pay off my loans sooner?

Description : How much interest will I save if I pay off my loans sooner?

Last Answer : If it is simple loan then you will have to pay interest only for the days for which you have used the funds. This will result in saving interest on remaining duration of loan period. There are ... state the extra money that you have to pay in case of early repayment. Please check loan agreement.

Does Bank of America offer loans to pay off lawsuit settlements?

Description : Does Bank of America offer loans to pay off lawsuit settlements?

Last Answer : Bank of America does not offer loans to pay off lawsuites. There are no bansk that offer this serivce. Bank Of Americea is like most banks these days and they are very conservative in lending money. It is unlikely they would lend money for this venture.

Is there assistance to pay off existing student loans?

Description : Is there assistance to pay off existing student loans?

Last Answer : Yes there is some of assistance to pay off student loans; I would recommend going to Washington's higher education website for information on student loan repayment; Visit http://www.hecb.wa.gov/ for more information.

What is the fastest way to pay off payday loans before they gain too much interest?

Description : What is the fastest way to pay off payday loans before they gain too much interest?

Last Answer : The fastest way to pay off a payday loan so the loan does not gain too much interest is to pay the loan in full before the due date. If you wait till the due date youll pay for every day it takes to pay the loan back youll pay intrest on that day.

When obtaining new car prices via email, why would the salesman ask if I am looking to finance or pay cash?

Description : When obtaining new car prices via email, why would the salesman ask if I am looking to finance or pay cash?

Last Answer : You can play a lot of games with the financing. Cash is cash, but financing can be pretty creative. Just look at the total of your payments.

Can I pay my renewal fees at the California DMV before I get my smog check?

Description : Can I pay my renewal fees at the California DMV before I get my smog check?

Last Answer : answer:Call the CA. department of motor vehicles near you. They will give you a more accurate answer than either your mother (no offense meant) or us. Here, in NYC, we pay for a renewal ... inspected every year. They are two separate issues and two separate stickers and done by two separate groups.

Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Description : Why would someone pay $3,154 on interest on a new car loan when they could buy a decent used one for under that amount without a loan (or interest)?

Last Answer : I buy new cars about every eight or ten years. I had my share of used vehicles when I was younger and spent a lot more than 3,000 on upkeep, repairs, replacing parts, etc. I have no idea how to work on ... tires, and brakes, then I buy a new one. I have never spent over 18,000 on a new car though.

What does an assembly line job pay?? Toyota, Nissan, Ford?

Description : What does an assembly line job pay?? Toyota, Nissan, Ford?

Last Answer : Call and ask?

For a typical car insurance policy, what type of insurance would pay for paint/body damage (est. <$500) to another vehicle?

Description : For a typical car insurance policy, what type of insurance would pay for paint/body damage (est.

Last Answer : Liability.

My headliner is starting to hang in my car, how much should I expect to pay to get it fixed?

Description : My headliner is starting to hang in my car, how much should I expect to pay to get it fixed?

Last Answer : several years ago it was about $35 at a place around here that specialized in that kind of work. probably much more at a dealership. I know of people who have done the work themselves, but you need a garage ... your car is a showpiece or not yet paid off I'd just take it down and be done with it.

I live in NJ, if I buy a car in NY, which sales tax do I pay?

Description : I live in NJ, if I buy a car in NY, which sales tax do I pay?

Last Answer : NY.. i think.. people in nj usually go to delaware for that reason

Do you pay a mechanic if he's unable to fix or even diagnose the problem?

Description : Do you pay a mechanic if he's unable to fix or even diagnose the problem?

Last Answer : answer:Depends.. If he tells you you need to pay for a estimate. Then you should pay. If they say free estimate then you shouldn’t.

Who should pay this ticket?

Description : Who should pay this ticket?

Last Answer : You pay the original. He pays the extra. Drill some screws in your front bumper and mount the plate.

Fluff time: How hot temperature wise, is too hot to use the convertible with the top down (or off if it is a convertible hardtop)?

Description : Fluff time: How hot temperature wise, is too hot to use the convertible with the top down (or off if it is a convertible hardtop)?

Last Answer : I wouldn’t use mine if it were 90 or above.

Friendship deteriorated, now need to get her off my car loan. What are my options?

Description : Friendship deteriorated, now need to get her off my car loan. What are my options?

Last Answer : answer:You're wanting to take full responsibility for the loan is commendable, but not practical, or even necessary. Your ex-friend has no claim on your car. All she did was guarantee that the ... payment is made. You're actually giving her credit score a little boost when you make the payment.

What kind of car alarm do I have and how do I turn it off?

Description : What kind of car alarm do I have and how do I turn it off?

Last Answer : answer:Call a car alarms shop in you area, BUT first check to see if the battery has gone. Low voltage will trigger some alarms. I don’t think Toyota had an alarm system in 1997. Do you have a key fob for key-less door opening?

Is there a valid reason, in terms of technology or wiring, for it taking, like a hundred years, for them to start manufacturing cars where the default is that your headlights turn off when you turn off your ignition?

Description : Is there a valid reason, in terms of technology or wiring, for it taking, like a hundred years, for them to start manufacturing cars where the default is that your headlights turn off when you turn off your ignition?

Last Answer : answer:Volvo and Saab have had it for years. When I had my ‘82 Volvo, I left my lights on all the time, because they’d go off when i turned off the car. I think it’s not on American cars because of a lack of imagination.

When one turns off the car with out powering down the a/c, fan, and radio does it contribute to short circuiting?

Description : When one turns off the car with out powering down the a/c, fan, and radio does it contribute to short circuiting?

Last Answer : As long as the car is operating correctly, none of these actions will cause any harm. Manufacturers do not expect you to power down everything before shutting off the car.

Should I run the car with the radiator cap off to allow air bubbles to escape?

Description : Should I run the car with the radiator cap off to allow air bubbles to escape?

Last Answer : as log as you have it connected correctly, with a reserve tank, it will expel the air on it’s own with the cap in place. It is common to fill the radiator and run the engine with the cap off until it cycles at least once, to get the bulk of the air out.

What could happen if you just turn off the ignition while the car is in Drive with your foot on the brake?

Description : What could happen if you just turn off the ignition while the car is in Drive with your foot on the brake?

Last Answer : A few things happen: 1)If she had a car built after about 1985 she has a steering column lock that would prevent her from turning the wheel. 2)The power steering pump stopped working and it ... starters. Also many have electric power steering and power brake pumps so there is no loss of control.

How can I get an auto window sticker off in one piece.

Description : How can I get an auto window sticker off in one piece.

Last Answer : A razor blade and denatured alcohol. Reconstruct the sticker on a piece of paper.

Boring question #26; what do you think about midsized cars sitting 4in high off the road on 20in wheels?

Description : Boring question #26; what do you think about midsized cars sitting 4in high off the road on 20in wheels?

Last Answer : It sounds goofy to me, but that is just my opinion.

My Corolla's battery light won't turn off. Any idea why?

Description : My Corolla's battery light won't turn off. Any idea why?

Last Answer : How's this? THE ALTERNATOR!!! And I won't charge you the $80. With an alternator, it's either giving out the wrong amperage, or the wrong voltage. You gotta change it. Good news: it's not that ... . Also, if you are running your car with a good battery, you are slowly killing it. Replace the alt.

If you press the power button on a Toyota Prius while in motion will it shut off the engine, or take it as a mistake?

Description : If you press the power button on a Toyota Prius while in motion will it shut off the engine, or take it as a mistake?

Last Answer : answer:This link may be of interest. You could turn it off, but you also lose power steering that way.

Why does my car shut off?

Description : Why does my car shut off?

Last Answer : Id sounds like some sort of electrical short. The ignition maybe?

Is corn cob blasting good for taking rust off of a car?

Description : Is corn cob blasting good for taking rust off of a car?

Last Answer : As a bit loosely related random information, I know they use ground walnut shells to clean bronze statues in the park.

Turning off motorcycle...Engine cut-off switch, or key?

Description : Turning off motorcycle...Engine cut-off switch, or key?

Last Answer : I just took the Basic Rider Course last month, and they taught us to use the switch and then the key.

What is the best website to buy cheap car parts off of?

Description : What is the best website to buy cheap car parts off of?

Last Answer : ebay i killed my tail lights on a truck a wile back. The toyota manufacture wanted to bend me over for $125. hit up ebay for a few days, found a mint pair for $35, from some dude in ohio that ran a chop shop.

How do I fix my front driver-side car window (manual) from coming off of the track in my 1999 Pontiac Sunfire?

Description : How do I fix my front driver-side car window (manual) from coming off of the track in my 1999 Pontiac Sunfire?

Last Answer : What you'll have to do is to carefully look for any visible screw heads on the door panel. Using the apropriate screwdriver most probably a philips unless of course the previous owner lost them while he tried ... Heck you could probably do the job in less time than it took me to write this. Ha ha.

Car problem: Brake light staying on after I turn the car and lights off?

Description : Car problem: Brake light staying on after I turn the car and lights off?

Last Answer : Get your car to a mechanic – you either have a bad brake light switch or some kind of short. If you don’t have jumper cables you may have to call a tow truck.

Why would a car shut off while at a red light?

Description : Why would a car shut off while at a red light?

Last Answer : Kind of strange for automatic, if it happens again then I’d be concerned.

Has anyone ever taken the door panels off and oldsmobile alero?

Description : Has anyone ever taken the door panels off and oldsmobile alero?

Last Answer : answer:I couldnt tell you what this car is like exactly but most cars ive seen have the door panels put on pretty much the same way. I just replaced the speakers on my ford ranger, its really not all ... it. If you have any other questions about it id be happy to help to the best of my abilities.

How do you remove a bumper sticker from a car without taking the paint off?

Description : How do you remove a bumper sticker from a car without taking the paint off?

Last Answer : Hairdryer

Will frequently shutting off the engine to prevent long idling shorten the life of the starter?

Description : Will frequently shutting off the engine to prevent long idling shorten the life of the starter?

Last Answer : answer:A friend of mine just sent me a link to an article on Hypermilling…I have the same question as you do about this. I would think that the pieces and parts used to run the car would get worn out a lot quicker. http://ecomodder.com/forum/EM-hypermiling-driving-tips-ecodriving.php

How does one turn off the engine after hotwiring a car?

Description : How does one turn off the engine after hotwiring a car?

Last Answer : i think it depends on how it was hotwired. pulling the wires apart would probably do it.

Bank loans - pay back decision?

Description : Bank loans - pay back decision?

Last Answer : Dave Ramsey would tell you to pay one off/ down, whichever has the highest interest.

I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Description : I'm a freelancer. How can I get US$ 4000 in two months to pay my tuition fees? (No student loans are available in my country and crowdfunding isn't an option)

Last Answer : Sell things. Ask family for money. Get a few more jobs. Sell your plasma. You dont specify your languages or skills, or your country. You coming here to study? Too many unknown factors.

How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Description : How long would you stay in an agony booth (from Star Trek reverse dimension) in order to pay a portion of your student loans? (Details inside )

Last Answer : answer:I don't think the Agony Booth electrocutes people. It uses nerve induction to directly stimulate the pain receptors of the brain without causing physical damage. There's a limited amout of pain ... achieving a deeper and deeper level of meditation. Getting paid for this would just be a bonus.

Can you go to jail if you can't pay back loans, such as student loans?

Description : Can you go to jail if you can't pay back loans, such as student loans?

Last Answer : No, you can’t go to jail. You may end up bankrupt, and you may be in debt for a long time. But you won’t go to jail.

Is there a pay day loan company that gives loans to people who receive social security?

Description : Is there a pay day loan company that gives loans to people who receive social security?

Last Answer : answer:My Mother In Law was able to get loans on her Social Security Disability, so I suspect that you could. I believe she also used her car as collateral. She now has a certified payee who manages her money for her, so she doesn’t run out.

Is there any legal way to not pay students loans back?

Description : Is there any legal way to not pay students loans back?

Last Answer : no i am pretty sure they are due even if you declare bankruptcy. i dont think they ever die. one of the few “I.O.U.‘s” that dont even forget about you…

Do most parents pay for their kids college tuition, or do more kids take out loans to pay for college themselves?

Description : Do most parents pay for their kids college tuition, or do more kids take out loans to pay for college themselves?

Last Answer : In my country parents pay for their kids tution fees mostly. In very rare cases only kids pays their bill own. Parents consider it as their responsibility to make our child study well. So they take all responsibilities.

Do you pay more interest on unsecured loans than on secured ones?

Description : Do you pay more interest on unsecured loans than on secured ones?

Last Answer : Interest rates are typically higher on unsecured loans rather than on secured loans. This is because there is no collateral backing the loan.

Do loans pay for part of her tuition?

Description : Do loans pay for part of her tuition?

Last Answer : If I am not eligible to apply to SAAS for support, where can I get support for my course? If you are ... eligible students are entitled to apply for help with their tuition fees and ... You can apply to ... tuition fees and ... You can apply to us for a student loan to pay part or all of your fees

What are my options if I'm not earning enough to pay back my student loans?

Description : What are my options if I'm not earning enough to pay back my student loans?

Last Answer : There are several options available for loan repayment. Usually they have you make monthly installment payments, or certain loans will let you make payment arrangements if employed using the education you received.

What are some options for paying (off) school loans?

Description : What are some options for paying (off) school loans?

Last Answer : You could ask your parents to pay for it and then they wouldn’t charge you interest.

Paying Off Student Loans Can Be Easier With the Right Job?

Description : Paying Off Student Loans Can Be Easier With the Right Job?

Last Answer : Student loans are an important investment in your future, but unfortunately many people feel that paying off high student loan debts requires working long hours for many years at jobs they hate. Consider ... large amount of student loan debt, and should be a part of your job search criteria.

What was the first automobile to have a key lock?

Description : What was the first automobile to have a key lock?

Last Answer : I just gave you a “Great Question” upvote. I love your question, have no idea about the answer, and look forward to learning.