Sentences with phrase «prioritize higher interest rate debt»

As a rule, federal student loans have lower interest rates than private loans, so prioritize higher interest rate debt.

Not exact matches

If some of your balances are carrying an especially high interest rate (anything over 10 % APR), you'll likely want to prioritize paying those debts off first.

Make sure to prioritize debts with the highest interest rates like credit cards.

So, we then look at all of their debt, we prioritize the debt, again looking at the highest interest rate that they're being charged on the debt.

You should prioritize the debts based on the highest interest rates and the lowest balance.

That means prioritizing high - interest - rate debt first, like credit card balances.

Prioritizing your debts and paying the highest interest rate off first is a good start.

Then number two, alright let's get a handle on just how big the debt is so we're going to do an inventory, credit cards, personal loans, payday loans, income tax, figuring out what the debts are, what the interest rates are on these debts and let's try to prioritize so we can rid of the highest most expensive debts first.

With the «avalanche» method, you prioritize your debts and pay the most on the one with the highest interest rate.