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To: madison10
Been pondering a question, maybe someone could help...would it be better to take money from savings in to pay the card off in hopes of replenishing savings, or should we just keep plugging away at the credit card assuming the small amount of savings is going to get grabbed by the depression?

From a strictly financial viewpoint if the interest rate on your credit cards are higher than the interest on your savings account then you should pay down that debt. And since interest on savings is bascially zero and credit card companies are now pretty much worse than loan sharks I'd pay down the debt and start saving again.

68 posted on 06/01/2011 7:59:33 PM PDT by jwalsh07
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To: jwalsh07

Terms on cards are insane now that Zippy has passed the credit protection act LoL
Worse than ever.


72 posted on 06/01/2011 8:03:40 PM PDT by mylife
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