Dave Ramsey says: What's the difference?

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  • george of the jungle goshen, UT
    March 11, 2013 12:22 p.m.

    If you want a good interest rate, you'll need a good credit score. Pay your bills off every month on the cards. show that they are paid off by not using them for a month, never keep a running tab on one card, get the bones points the cards offer. Never get over whelmed. Dave is trying to get us to internalize the idea only do what you can when you can. Plan for the worst but hope for the best.

  • Max Charlotte, NC
    March 9, 2013 9:33 a.m.

    Dave doesn't say a word about the difference in interest rates between the credit cards and the car loans. It would make sense to pay the high interest rate credit cards off first. The car interest is probably half (or less) than the credit card debt.

  • Mountanman Hayden, ID
    March 6, 2013 2:08 p.m.

    Or they could force their grandchildren to pay their debts!

  • techpubs Sioux City, IA
    March 6, 2013 9:14 a.m.

    Lots of variables not mentioned in the 1st question.
    How high is the interest on each of these 3 debts?
    How high is the debt on each?
    Can you pay one off quick and add that payment to eliminate another one quickly?

  • xscribe Colorado Springs, CO
    March 5, 2013 7:47 p.m.

    Regarding the first question, what is there not to understand? Two small car payments left, and most likely a very small interest rate; and some credit card debt, at probably a much higher interest rate. Without knowing how much the credit card debt is, I'd still most likely want to pay that off first, and right away, especially with only two car payments left. Seems like a no-brainer to me, unless I'm missing something crucial!

    However, better not to get into debt in the first place!