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Reply to "How to spend an unexpected student loan refund"
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[quote=Anonymous][quote=Anonymous]Put it all towards your highest interest rate credit card.[/quote] She will never pay it off this way. Pay off the smallest balances first, then when those get paid off dump that money into the next smallest balance. Rinse, repeat. The Dave Ramsey method is the one that works. Making payments on the highest interest card first almost guarantees she will never make it out of debt.[/quote]
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