Submitted by [deleted] t3_127t2ao in personalfinance
JohnQK t1_jeg7zmo wrote
Reply to comment by Cruian in There's no reason to pay more than the minimum for these debts, right? by [deleted]
This is not correct. In addition, watch out for keywords often used by scammers, such as "HYSA."
Cruian t1_jeg8b1m wrote
>watch out for keywords often used by scammers, such as "HYSA."
It's a relative term. There are options with higher interest rates than the debts OP has.
>This is not correct
How so? If rates drop again, below the debt rate, then it would make sense to pay the debt.
Edit: Typo
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