 E-bay / pay pal? |
| i have just sold an item on e-bay(first timer!) the payment is in my paypal account but not in my bank acount yet(had a few prob getting my way round it),is it ok to dispatch item to buyer, as i feel ... |
|
 I have poor credit. Where can I obtain a small $600 loan/credit card with no fees.? |
| I have poor credit. Where can I obtain a small $600 loan/credit card with no fees. I need the money to invest in a new career that will hopefully get me back on track.... |
|
 Credit cards for kids? |
| is there a credit card where my kid can use it but i pay it off?... |
|
 I (minor) just bought a visa debit card, and my mom won't let me activate it.? |
| I'm 15, and I just bought a visa debit/prepaid card from HEB/netspend.com, and was told that in order to activate it, I was told that I needed to fax them my mom's social security card, my ... |
|
 What is considered a Good credit score.? |
| i just receive my score one is 660, 690,689. so am ??? in terms of what is a really good score.... |
|
 I have had a letter from a debt coll. agency. The debt is from 1997, am I still legally bound to pay? |
| This is relevant to law in England & Wales - I have heard that after 6 years, the debt is 'statute barred' ie expired, and although this debt agency has threatend me with court, would ... |
|
 Do you think it's right that an employer makes his whole hiring process based on your credit.? |
Additional Details
Ok, what if the person has fell on hard times and bills got backed up judgements fell on them and no one would hire them because of such. You try to better yourself ... |
|
 New capital one credit card? |
| ok i just got approved for my first credit card a capital one it should be here in 10 days im very good with paying my bills so that not a problem it said that i'll have a 0% intro APR untill 4 ... |
|
 What are the chances of being approved for a mortgage if I can put 50% down? |
Small home worth 35k, selling for 25k (by my uncle). Continuous work in the same field for appx 1 year, and credit score 620ish.
*Fiance wants to liquidate and invest his mutual fund in ... |
|
 Read the question please, no dumb answers. Would there be a problem paying more than the statement balance? |
| On a credit card to cover purchases bought after the statement? Say I have a $100 bill and I bought $100 more of stuff after the statement was mailed. So the statement is 100 and the online amount ... |
|
 How long does it take for a check to appear in your bank account? |
I recently placed a paycheck into my checkings account at commerce bank, along with a 100 in cash.
So far it only shows the 100 in cash that I placed and not the paycheck. I placed ... |
|
 I have NO credit how can i start to build credit? |
| I have no credit I have tried to apply for small loans or credit and gas cards just so I can start some where but I dont get approved because I have no credit history! Where Can I start!!!... |
|
 Someone stole my credit card and charged almost $200 last week...I know who did it, what are my options?!?!?!? |
| I'm really pissed off. I know who they are and where they live. I want to know what are my options... Like can I sue them or press charged with the police...etc... This was really mean and ... |
|
 Collection agencys? |
| do you think collection agencys are allowed to call you at work and demand payment over the phone?... |
|
 Paid online surveys? |
ok well i'm thinking about starting to do paid online surveys. are there any legit payed surveys out there. would you please list them.
also if you have ever tried anything like this ... |
|
 Should I purchase a Home now or wait and approve my credit score? |
| I applied for a home loan and was approved, but was given a rate of 10% that I know is very high. My credit score was a 600. Should I clear out some things in my credit and boost my score and try ... |
|
 Cheapest no fee credit card? |
| i owe £4000 i want to transfer my cards to interest free card but they all ask for a2% fee is there any cards out there thet dont charge a fee cheers ... |
|
 If you have a credit card, and haven't used it in a year should you close the account, or keep it open? |
| I was wondering about this question because alot of people said that you should close an account if you are not using it, or at least close the credit accounts that have annual fees. Also other ... |
|
|  |
jheggyweggy | Should i payoff my car or paydown my house? |
i have 4 years left on my carpayments, 3 years left before my 2nd mortgage (interest only) adjusts. should i use my extra $$$ to pay off my car or paydown my mortage principal? |
 |
 
charge
|
** pay the car off |
|
natchomomma
 |
Pay the car. Home morgage interest is tax deductible, but auto is not. |
|
dougzinboston
|
The best way of paying of debt is to focus ALL your discretionary cash towards the SMALLEST debt first. The easiest debt to eliminate is the smallest one.
Your two payments are fixed payments so no matter how much moeny you throw into it isn't going to adjust the minimum payment amount.
Two situations for example:
#1 Let's say your remaining car debt is $20,000 at 8% and your 2nd mortgage is $10,000 at 5%. If you drop all your extra money into the car, let's say you have enough extra money to pay it off in three years. You've now paid three years of interest at 8% AND 5%.
#2 If you drop all your extra money into the 2nd mortgage, let's say you pay off the 2nd mortgage in a year-and-a-half. Compared to the first situation, you've eliminated a year-and-a-half of 5% 2nd mortgage interest. This NOW gives you your extra money to drop into the car which is INCREASED by including the old 2nd mortgage payment you just eliminated. Not to mention, you will not have to worry about the rate flux on your mortgage interest rate when it comes due at the end of 3-years. That "triple payment" will surely pay off the rest of the car before the end of 4-years and save you a bundle in interest expense.
Ignore the "advise" of "pay which is more important". That should NEVER figure into this equation. You're not on the verge of losing either one of them, especially since you've stated you have enough extra cash to pay one off early.
But in total, this is impossible to lay out on a spreadsheet and see the full details without knowing all the details. You COULD lay these two scenarios out on an Excel spreeadsheet and see it for yourself =) |
|
"tiredishit"
|
i would pay off your car because if you loose your house than you can live in your car =] you could also look for an apartment
more antiquity in a car than on foot. it also depends on how much gas the car takes up (mpg)
so i would pay of the car |
|
DAS
|
Don't understand the second part of the question, do you mean you can pay on the second mortgage (interest only) before it adjust, meaning adjustable rate? I don't understand? If your mortgage will soon adjust, wouldn't you try to refi, from an adjustable mortgage to a non-adjustable, so that you can make sure your payment doesn't change, first. I would do that. Then I would also look into refi on your car, or paying more on the principal so that you can pay the car off first, call the car finance company and see if you can pay the car off Early (normally you can). Then weigh the situation out to see which on would be better to pay down than the other one. Or you could even do them simultaneously, meaning pay extra on one one month, and pay extra on the other one the next month, and over and over until you pay them off. You will just have to do some good bookkeeping, spreed sheet etcetera. After you find out the information you need, just sit down and make an educated decision. You'll be happy you did.
Good luck |
|
Nic/sty
|
You can't sleep in your car honey and even if you could would you really want to? |
|
Classy Granny
 |
I'd go for the mortgage. The sooner you own your home free and clear the better. |
|
heybulldog
|
I would refinance my house (with a 15 yr fixed rate) and pay off the car. |
|
Clown
|
Pay off you car first, then pay off the house. |
|
pinhed_1976
|
pay off the car, then take the car payment money and pay down the mortgage |
|
Damaged Goods
 |
well think of it this way what one would you rather lose ? and do that one first x |
|
Edward H
|
def the mortgage that is way more important. It will also help your credit if needed.
but, indeed if the interest rate is higher than the mortgage then go ahead and pay the vehicle's loan off. You can call the company who you have the vehicles loan with. ask them how much do you have to pay if u want to pay of the car today. it might be lower than what you think! |
|
Joe S
|
pay the mortage first it is way more important |
|
digitalchinky
|
You should always pay off what ever has the highest interest rate in general. I would say pay out the car first though. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 41 minutes(s) ago
| | | |
14 | 2 hour(s) ago
| | | |
14 | 5 hour(s) ago
| | | |
14 | 7 hour(s) ago
| | | |
14 | 9 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
12 | 3 day(s) ago
| | | |
13 | 6 day(s) ago
| | | |
13 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
