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Old 11-30-2016, 07:28 PM
Leemba Leemba is offline
Junior Member
 
Join Date: Nov 2016
Posts: 1
Smile Installment Loan Vs credit card help

We are hoping to buy a house in 18 months and I am currently trying to free up our debt to income ratio. I currently have an installment loan at 11% interest and making a payment of $350 per month. I have a credit card offer at 0% interest until January 2018. I also have about $400 to $500 per month extra to pay on debt. Would it be better for me to use the 0% interest credit card to pay off the installment loan and then use that 350 and the extra money to tackle the other debts we have or just start tackling the debt?

Thank you!!!
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