Save or Reduce Debt

Discussion in 'Loans & Mortgage Brokers' started by Liam Blanden, 21st Oct, 2015.

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  1. Corey Batt

    Corey Batt Well-Known Member

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    14th Jun, 2015
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    2,091
    Location:
    Adelaide, SA
    This. Sure if we were talking about 40k in personal debts @ 20%, we'd be talking about some serious logical steps to prioritise paying debt.

    But in this case (in relation to the CC), even over a 12 month period we're talking about <$300 in interest difference between the two options.

    Tobe would be speaking from the same experiences as I have on a day to day basis - where you can see people who always find things they need to do first - only to have other issues set them back later on. In many cases its a point of just seizing the day and taking the opportunity while its there.
     
    Corey Batt, 22nd Oct, 2015
    #21
    Beelzebub likes this.
  2. Redom

    Redom Mortgage Broker Business Plus Member

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    18th Jun, 2015
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    Location:
    Sydney (Australia Wide)
    This is a super post! Great insight.
     
    Redom, 22nd Oct, 2015
    #22
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