Sentences with phrase «dedicate extra debt»
Have you been told that it's always best to dedicate extra debt pay - off cash first to the debt with the highest interest rate but have nevertheless chosen to attack a small, low - APR debt first?
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In this sort of payment mode, extra cash is dedicated to pay debts with lower interest rate.
But if you can pay a little bit extra, dedicate that amount to the debt with the highest interest.
dedicate all «extra» cash available for debt pay - off to the debt with the highest interest rate, regardless of account balances.
When the first debt is paid in full, move on to the next smallest debt, dedicating the money that would have gone toward the first debt, plus the payment you were already making on the second debt, plus any extra cash to paying it off.