question about credit card vs. student loans?

[yellowcoatscareme]

so, i have 1687 on my CC w/ 0% APR till jan. 2008. i have to pay student loans too.my question: should i pay my accrued interest off when paying for student loans or put all money toward CC so it will be paid off?i plan on take my tax refrund, about 1200, and completely paying my CC. my CC interest will be 11%, after jan. 2008i have a baby due in 2/08. i have to pay 250 monthly for daycarei'm thinking that i should get rid off the CC bill because that's one less bill, and THEN focus on teh student loan, but i dont if that will hurt me in the long run.my studnet loan interste is less than my CCi get money back for paying interest on student loans; money back from home insurance...so, i dont see how i get too much money back???you dont even know how much i make!

[wendy.bryan@sbcglobal.net]

when deciding which loans to pay off first, always pay the ones with the highest interest rates. that's as you state the cc. and don't ignore the student loan or it will come back to haunt you.the 0% on the cc is almost up and you'll find that the real rate is quite high compared to your SL

[MarathonWomen]

Steven is right - he based that on your tax refund. A refund isn't free money it's money that you basically loaned the government at 0% interest all year. But anyway, to your question, definitely pay off the credit card first.