Member
havecollectionsaccounts
Posts: 8
Registered: ‎03-10-2011
Re: Need Advice for Paying Debt!!

I will consolidate the newer ones but cannot until I'm out of my grace period. I'm then going to switch to the income based plan for a lower payment. The individual loans are at 6.8 but I'm not sure that I want to consolidate them with the old ones because that rate is lower.. I think 5.75 or so. I can have 2 consolidated loans. I no longer work for non-profit but I know that there is something new that if you pay 120 payments successfully, that you can be forgiven. That's what I'm looking forward to! My main question is should I pay off my car first to free up $310/mo that I can put toward other loans... or should I pay off the $5,611 since it's the lowest amount... and free up that money? So many choices!

09/2012
TU- 638 (Lender Pull)
EXP- 644 (MyFico)
EQ- 678 (Lender Pull)