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BastidChimp t1_je81amp wrote

Just use your MMA and savings account to pay off your LIC. Any revolving LOC is crazy to keep in this high inflationary economy. Once you have ended your debt your options will open up immediately to save and invest more aggressively for other endeavors like your retirement accounts.

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ummagumma20 t1_je8471q wrote

I agree with paying off entire LOC but just u sure if using up all that cash to do so will be the right move.

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BastidChimp t1_je8smvk wrote

Variable rate loans are not good in this economic climate. Just pay it off so you can have more cash for your monthly budget. Depending on what state you live in, you'll need it for increasing food and energy costs.

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