I have $39,400 available to pay down debt and would like to apply it to one of two existing personal loans, but am not certain which choice is the best loan to pay down.
Loan 1: Balance is $55,000. 72 payments left. Interest 12.32%. Monthly payment is $1091
Loan 2: Balance is $44,000. 118 payments left. Interest 11.24%. Monthly payment is $629
Looking for your advice. Thank you!
Loan 1: Balance is $55,000. 72 payments left. Interest 12.32%. Monthly payment is $1091
Loan 2: Balance is $44,000. 118 payments left. Interest 11.24%. Monthly payment is $629
Looking for your advice. Thank you!