On April 23, 2014, JPMC agreed to pay $ 5.5 million to settle claims made by a class of nearly 480,000 Circuit City rewards
credit card holders who alleged JPMC duped them into joining an «interest
free» program, then breached their
contract by charging class members unexpected fees and interest charges.
As you can see, a consumer owing $ 5,000 on both a car loan and a
credit card can
free up far more cash flow by paying off the installment
contract first — if he or she is near the end of the term.