Submitted by Hopeful_Promotion940 t3_z72rhu in personalfinance
BitterPillPusher2 t1_iy59047 wrote
Pay off the credit card. Then take the other $7,000 and apply it to the principle of the truck. Then take the $600 you were paying towards the credit card each month, and apply it to the principle of the truck each month (in addition to the regular monthly truck payment). You will no longer be upside down on the truck in pretty short order.
And don't ever put yourself in a situation where you will be upside down on a vehicle again.
Hopeful_Promotion940 OP t1_iy5pa24 wrote
That’s a good idea!
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