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Need Advice you guys

May 20th, 2009 at 10:39 pm

I received a $500 check as a apart of a class action suit. I'm stuck I don't know if I should apply it all to debt or pay 2 car payments with or place it in savings and increase my EF a little while I'm on my debt snowball. What would you do??

Posted in Uncategorized | 5 Comments »

5 Responses to “Need Advice you guys”

  1. creditcardfree Says:
    May 20th, 2009 at 10:57 pm 1242860260
    1242860260

    As long as you have a small EF, I'd always put extra money on the debt. That's how we always done it. Works for us!

  2. Blue Eyes Says:
    May 21st, 2009 at 02:10 am 1242871858
    1242871858

    I agree with creditcardfree.

  3. baselle Says:
    May 21st, 2009 at 05:32 am 1242883977
    1242883977

    Depends on what you feel is more pressing - if your credit card interest is through the roof, go for the debt. If you are worried about keeping your job, the EF.

  4. Jerry Says:
    August 14th, 2009 at 08:53 pm 1250283221
    1250283221

    I think it depends on whether your EF is at a point where it leads you to feel a little safer. If so, then I would pay off debt. If not, put some of it in EF and put the rest toward debt. If car payments or car insurance are causing major stress, you might put some there, but it depends on where you are at. You have a myriad of options! All things being equal, though, if the EF is good then I say debt of some sort.
    Jerry

  5. Tech Support for Lenovo Says:
    May 20th, 2018 at 12:32 am 1526776325
    1526776325

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