Posts tagged credit

My husband and I have two automobile loans one at 4,800 at 4.9% the other at 14,400 at 6.15% and a credit card at 10,700 at 7.9% but we also have a mortgage. What I’m planning on doing is having my husband sign up for another credit card because the current offer is no interest till 2008 (including balance transfers, there is a fee but the max fee is about how much we pay for the finance charge in one month. What I don’t know is if I should put our tax refund toward bringing down the lower automobile loan so the 230 we put toward that each month can go to something else sooner or if I should put some toward the automobile and some toward the mortgage each month. We don’t know if it’s superior to pay the min on the mortgage and put more toward the other loans or put a tiny toward the mortgage and one of the other loans. And yes while doing all this I do put a tiny towards savings each paycheck. Forgive me for rambling but I wanted to be as detailed as possible. Thanks!
I’m not cancelling the current card the one I would be transferring to has an apr of 9.9%. So I would transfer what is left after the 15 months back to the old card.