I need Dave Ramsey!!!

[2011GT]

Ok I've been reading Dave Ramsey's book. I need some advise on something... I have 6k to spend towards my debt. I have 21k in car debt and about 20k in credit cards.

I owe 21k on my car it's worth 15k max trade in. My monthly payment is 460. What I want to know is should I pay off some credit cards with that 6k or buy out of my car and get into a 7-10k car so the payments are less then half?

[mstng86]

Would the 6k pay off one or more of the high interest credit cards?

[2011GT]

Yes it would. It would pay off two.

[Taylor]

Pay off all your cc's and close the accounts! Fuck credit!

[mstng86]

Pay off those cc's and role the payments to the other cc's.

Just my .02.


Then burn the cards.

[Nash B.]

Pay off the accounts in order of highest interest rate to lowest.

[2011GT]

Ok just keep the car and slay the credit cards?

[brandon01rt]

Sell a kidney on the black market and you can have it all

[jefehbk]

Pay off all your cc's and close the accounts! Fuck credit!

pay off the credit cards but keep the accounts open. you can cut and toss the cards if you want, but closing the accounts will hurt your score.

[Shorty]

Buy some rims.

[Baron Von Crowder]

Keep your car, pay it off and drive it till it literally falls apart. Pay off your cards with what you have, and quit using them.

[564826]

You could always put on twin turbos.

[GE]

pay off the credit cards but keep the accounts open. you can cut and toss the cards if you want, but closing the accounts will hurt your score.

This. I never understand why someone would want to close a line of credit "to show the man"... unless it has some ungodly high interest rate or something.

[inline 6]

wait wait wait.... you have 20 grand in cc debt?

[Sleeper]

wait wait wait.... you have 20 grand in cc debt?

No shit. I freak when I hit 1500 a month. To the op pay off the cards first.