Quote:
Originally Posted by NICKG
I do my banking online, with that, I can and do use automated payments on a weekly basis to pay my various debts. I have set it up to pay about 200-400 a month on various credit cards with fairly low balances(the highest is 1800) spread across 4/5 cards. i have a total debt of less than 6000.
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given that the debit is on credit cards, i'd say pay em off
if the debt was deductible (i.e an investment loan) then i'd keep the debt, service the interest only, claim the deductions and use your savings to make other investments