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become debt free
dove3683
Posts: 4 Newbie
question!
i've got a couple credit cards with generous amounts and i've also got a long term savings with axa, should i cash in even tough i would loose some of what i've invested to pay off these credit cards or leave as is.
i've got a couple credit cards with generous amounts and i've also got a long term savings with axa, should i cash in even tough i would loose some of what i've invested to pay off these credit cards or leave as is.
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Comments
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Hi dove
you need to look into this in more detail and see what the long term picture is, you can see what the ccs will cost you over their life by using a snowball calculator (https://www.whatsthecost.com) and comparing that with early settlement on your savings plan or waiting until the end.
Can you throw more money to your credit cards to pay them off sooner?
What level of debt do you have on your cards? How much are you paying each month? What is the APR? Are you still spending on the cards?£34,547 (Dec 07); Current debt: £zilch (Debt free December 2010)
Sealed Pot #389 (2010=£133)0
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