What should I do with my tax refund? Pay off several small debts or pay off one large debt?

[notadumblonde]

pay off several small debts

pay off one large debt

[StarWarGirl]

Pay off what's more risky, what has more potential to distrupt your life and has potential to cause multiple complex situation.

Like that with high interest already eating you up more rapidly with each passing day. So better to shut it's mouth as soon as you possibly could.

There could be certain debt that can cause problems in day to day life as if you are needed to take more debt in nearby future then you need to have better credit score. So for that it would be better to close all debt account whatever you can.

Also there could be some debt that will not impact our lives much even if it can be payed later but some could be needing urgent fulfilment. Like debt related to car etc.

So you can choose and take decision as per your requirement.

[notadumblonde]

Great advice.

[CupcakeTheDestroyer]

Consolidate your debts and make it so you only have one or as few as possible to worry about

[serious]

I think you should payoff any debt as and when possible,

[bowenw]

Pay whichever debt has the highest interest rate.

[David318578]

Pay off the highest interest ones first

[Fury_storm]

pay off whatever has the highest interest duh

[strateguy632]

1st,

[MrChinaski]

Save it.

[mfused411]

Save