Wednesday, April 20, 2011

Credit card debt or student loans – what should we pay off first? Globe & Mail's Cash Clash

Laura, 38, and Jim, 30, Calgary

As the John Lennon lyric goes, life is what happens to you when you’re busy making other plans – and for this couple, life racked up $70,000 in consumer debt. She says they should pay off the credit card, but he thinks the student loans are the priority. Debt deliverance or dire straits?

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