to pay off my debt or not

B

bms1

Registered User
Messages
55
Would apreciate some advice i currently have a car loan of 5000 and a credit card bill of 3000 the car loan is 160 a month over three years have been paying this since march usually pay 500 each month on the card. I recently moved home from the US and i have quite a few dollars which i have yet to change because of the exchange rate my question is would i be better changing these dollars as the rate has got better recently and using the money to clear these debts or keep going the way i am going.
 
If you are going to exchange US$ to € then try the likes of www.currency.ie, www.xetrade.com and shop around with the local banks for the best rate and charges.

If you don't transfer the US$s that could be used to clear existing debts then you are effectively borrowing to engage in currency speculation. Personally I would probably clear the debts.
 
You must log in or register to reply here.
Back
Top