Which debt to pay first?
This question of priority of paying debt arises when a person is stuck into multiple debts. It is necessary to prioritize the repayment plan for the debts and it is better to start with the biggest one. If there is big outstanding amount in credit card account always deposit more than the minimum requirement and this time you need to pay the minimum dues for the other loans. Once the bigger loan is settled, target the next one and gradually try to eliminate loans one after another from your credit history. Always pay the amount pending on the cards in due time so that you can save paying the late fee.
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