Loan or credit card ? What’s best to pay first ...
hello ! Just wondered if anyone can help me with this one ! I want to pay a lump sum off my dept... I have a secured loan on my business premises and I also have two large credit cards, is it better to pay the lump sum off my secured loan which is around 6% interest or one of my large credit card, the credit card is, at the moment 3.4% until jan 2022 then I will have to move it around as the interest rate will go up. Not sure which is the best one to pay the lump sum. If I paid the credit card it would give me a bit more money a month saving, than the secured loan.. any help or advice would be really appreciated ! Thank you 😊
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