Should I buy a vehicle first or start paying down my student loans?

0
0
Marked as spam
Posted by Gabriel Weiland (MONEY FORUMS: 7, Answers: 0)
Asked on May 12, 2016 11:36 pm
57 views
0
Private answer

When it comes to knocking out debt, prioritization is a key to success. Paying a little extra on all of your loans is better than just paying the minimum, but it isn’t ideal. Often, the best way to attack debt is to pay the minimum on everything and savagely attack one loan. Once that debt is eliminated from your monthly budget, you move on to the next one until they are all gone.
For more information:-http://instantcreditloansus.com/bad-credit-personal-loans-guaranteed-approval-5000.php

Marked as spam
Posted by James Wilson (MONEY FORUMS: 0, Answers: 1)
Answered: November 16, 2018 4:03 am
0
Private answer

Once your 6 month grace period has expired, you should always start paying down your loans. Failure to make payments can affect your credit history, which can cost you in the future – when you want to buy a house for instance. However, with proper management, you should be able to afford both a vehicle and to pay at least the minimum on your loans. If you feel that you would be unable to cover both costs on your current income, you are likely eligible for a reduction or postponement of your student loan payments. See this link for more info: https://studentloans.gov/myDirectLoan/index.action

Marked as spam
Posted by Jevon (MONEY FORUMS: 4, Answers: 3)
Answered: May 14, 2016 6:08 pm