paying off the debts that carry a higher interest rate
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benoit1525
Apprentice
Joined: 15 Nov 2009
Posts: 2
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 Posted: 05/15/11 - 06:50 Post subject: |
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| I see a lot of people here who are asking for tips on how to get rid of their debts. And I also see a lot of varying answers on the same question as well. In fact, I think that it is relatively simple. You should first pay off the debts that carry a higher interest rate and then work your way round to the rest. |
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jean
Apprentice
Joined: 11 Jun 2008
Posts: 3
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| Posted: 06/14/11 - 01:09 Post subject: |
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| Do you really believe that? I always say that you should first make sure that you do not have any debts outstanding towards the government. Council tax debts are an absolute No No, as are National Insurance Stamps if you are self employed and so on. As for higher interest rate debts; these can often be converted into debts with lower interest rates. |
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