Me and my husband are trying to save up to buy a house. Of course, our credit is vital right now. We currently have a car loan for $7000 at 16% interest for 30 more months. In order to save money, I was thinking about maxing out a credit card and paying off $5800, the credit card interest is at 11%. I have two other credit cards at 1.6% interest that are about 75% maxed out so I dont want this to effect my credit negativly. I would pay the credit card the same way we pay the loan. Which should we focus more on, the credit or saving money on interest?
Pay off car with credit card?
- Thread starter Caitlin H
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