I have 2 credit cards and one car loan total $35,000. Should I consolidate, home equity or personal

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My intrist rate on the credit cards are 2 and 7 percent and 6 on the auto.

I have 2 credit cards and one car loan total $35,000. Should I consolidate, home equity or personal loan.?

I agree with Dr. Deth - you have great rates on your credit cards. Leave them alone.

I've had good luck here...

http://auto.deal4-you.com

Good Luck.

I have 2 credit cards and one car loan total $35,000. Should I consolidate, home equity or personal loan.?

Don't consolidate.

Start by paying off the 7% card.

Now that you have a nice car, do the maintenance and plan to drive it several more years.

In the future, consider a two-tier approach to car ownership.

1) Drive used cars that cost in the range of $3000 to $5000. Focus on reliable brands with good resale value such as Toyota, Honda and Volvo.

2) The next tier is you buy a nicer used car, say a 2000 BMW for $10000. Then you drive it 5 years. If you can sell it 5 years later for $5000 then you only paid $1000 per year in depreciation.

http://orangecounty.craigslist.org/searc...

Start an investment program. Use Morningstar to find mutual funds which do relatively well in up and down markets.

For examples: Look at the performance history of QuagX and BRK-B.

Back to the car topic: Suppose you have a choice between a $5000 used car and a $20,000 new car.

The new car actually costs closer to $30,000 by the time you include interest and insurance. That's a real difference of $25,000.

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I have 2 credit cards and one car loan total $35,000. Should I consolidate, home equity or personal

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