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Need financial advice

Need financial advice

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Old 06-15-2007, 05:58 AM
moneysaver moneysaver is offline
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Default Need financial advice

I am a 26 year old fresh college graduate. I have about $8,000 in student loans at a interest rate of 5 percent and a car loan of $25,000 at 9.3 percent because I had no credit coming out of college. I save some extra cash at the end of each month. Should I pay off the student loan or put this extra savings towards the car loan?
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Old 10-16-2007, 06:47 AM
bartimus bartimus is offline
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Without a doubt, I would pay off the student loan first, unless you can pay off the car loan in less than 24 months. Student loans can drag on for years. There is a limited amount of time remaining on any car loan so if you can afford to add additional amounts to your payments, freeing that debt up quickly can help reduce your student loans in a reasonable amount of time, as long as you don't go in debt for another automobile.
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Old 10-20-2007, 01:48 AM
hustler hustler is offline
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I am a student of b.tech.i am 22 yeras old.i need a financial advice that can i take a personal loan from any bank.
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