I know I read some comments re. above here previously- so forgive me as I couldn't locate same yesterday for a work colleague.
She has lumpsum of 10,000 coming her way and wanted to know what was best use of same?
Her mortgage is c. 165,000 and tracker i think 4.6%- but she has 2 short-term loans 22,000 in bank 6.9% fixed over 5 years and another in Credit Union c. 12,000 at 8% i think
Should she pay off the credit union loan or use the lumpsum to do something else?