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paying off mortgage or credit cards
mcthirl
Posts: 2 Newbie
We have a buy to let property that was purchased with money from our father from the sale of his house, this was a gift from him, we are now to sell the buy to let property and are not sure whether to pay off our numerous credit cards or pay of our mortgage on our main residence, any thoughts?
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Comments
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As a rule of thumb you settle the debt with the highest interest rate.Space available for rent0
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As a rule of thumb you settle the debt with the highest interest rate...............................I have put my clock back....... Kcolc ym0
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As a rule of thumb you settle the debt with the highest interest rate. ;-)0
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Has anyone else got a similar suggestion?...............................I have put my clock back....... Kcolc ym0
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Isn't there some sort of rule of thumb for paying off debts?0
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That is what I thought.
Thanks for the heads up................................I have put my clock back....... Kcolc ym0 -
Who is thumb and will he pay off my debts as well !0
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Highest interest rate debts first. That'll be the credit cards.0
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Highest interest rate debts first. That'll be the credit cards.
they could be 0%ers though
I am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Sorry ! I've just come back to find my thumb is being abused .
Please stop or I may have to report it.Space available for rent0
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