@Desmoire wrote:My NASA BT has gone through to my checking account, and the $5000 will be available tomorrow. Question is, what is the best route to take? What balances should I pay off/reduce? Here is my profile:
Nasa FCU Rewards 0/5000 (Card to Balance Transfer)
Best Buy 2300/2300 (100% UTL) (0% interest until Oct 2016)
Cap1 Plat 1983.44/2250 (88% UTL) (19.99$ interest)
Barclay Rewards 1230.77/2150 (57% UTL) (24.99% interest)
NFM 661.85/1100 (60% UTL) (19.99% interest)
Nasa Classic 704.79/1000 (70% UTL) (18.99% interest)
Chase Freedom 758/1000 (75% UTL) (0% interest for 15 months, $100 bonus pending statement cut)
AAA LOC 915.43/1000 (91% UTL) (9.75% interest)
Cap1 Quicksilver 440.85/750 (58% UTL) (19.99% interest
Walmart 85.19/500 (17% UTL) (??? interest)
Kay 0/3000
Sallie Mae 0/2850
Amazon 0/1500
Younkers 0/500
-----------------------------
TOTAL: 9080.32/24,900 = %36.4 UTL
Based on my budget, I should have these balances completely paid off in 1-2 years.
That's an easy one.
Pay off everything except the the 0% interest cards and the AAA LOC.
On your next paycheck, I would get as much of the AAA LOC paid off as you can (since it's pretty much maxed).
Then pay off ~$250-500/month (or whatever you can afford) on the NASA balance until it is paid off. Since you will be maxing that baby out, I would try to get it to <60-70% ASAP. Continue to work down those other balances.
Most importantly...DO NOT ADD TO THE BALANCE UNTIL YOU GET IT UNDER CONTROL (whatever that dollar amt/percentage is for you).
Good luck!
