Submitted by [deleted] t3_1267ihq in personalfinance
ummagumma20 t1_je8471q wrote
Reply to comment by BastidChimp in Best suggestions on how to pay off a LOC by [deleted]
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.
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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