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The Free Financial Advisor
The Free Financial Advisor
Business
Brandon Marcus

BIZARRE: Which debt should go first the highest rate isnt always the whole answer - You Need To See This

Which Debt Should Go First? The Highest Rate Isn’t Always the Whole Answer
A debt payoff plan should look beyond the highest interest rate and account for minimum payments, promotional deadlines, balance terms, and monthly cash flow – Shutterstock

Paying off debt sounds simple until several bills land on the same kitchen counter. A credit card carries a high APR, a smaller loan could disappear quickly, and another balance has a promotional rate that will change later.

The highest-interest debt often deserves extra money first, but that rule does not settle every debt decision. The details behind each balance can change the order, especially when deadlines, fees, payment rules, or cash flow enter the picture.

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