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Need help with calculating Navy CLOC

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Anonymous
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Need help with calculating Navy CLOC

Is it smart to use it to pay off a large credit card debt? I know the interest calculates differently, anyone know how i can compare?

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1 REPLY 1
Blackswizz750
Established Contributor

Re: Need help with calculating Navy CLOC

Yes. You want to pay it off as soon as your are financially able. Even if the deal is 0% until whatever. Many things can happen in that time and put you in a bind(especially if the interest was deferred).

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