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legion legion is offline
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Join Date: Sep 2004
Location: State of Failure
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I've heard two different arguments on this.

The purely mathematical argument is that he should pay off the one(s) with the highest interest rate.

The more psychological argument is to pay off those with the smallest balances (to give himself a "victory") and then take then pay the same amount he would have paid on all three on the remaining one. Paying minimum balances is just treading water and should be avoided at all costs.
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Old 07-08-2009, 08:27 AM
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