I have the following loans to attack:
Student Loan: $117,530 @ 2.9% fixed (minimum $350/mo)
BofA credit card: $13,802 @ 0% (min. $149/mo)
Loan again 401k: $12,568 @ 4.25% (automatic debit, can only pay back lump sum)
Chase credit card #1: $4,284 @ 15.24% (min. $90/mo)
Chase credit card #2: $1,188 @ 16.24% (min. $40/mo)
Citi credit card: $2,773 @ 15% (min $43/mo)
I can probably pay at a rate of $2,000/mo
So your minimums are $673?
Month one, pay minimums on these
Student Loan: $117,530 @ 2.9% fixed (minimum $350/mo)
BofA credit card: $13,802 @ 0% (min. $149/mo)
Loan again 401k: $12,568 @ 4.25% (automatic debit, can only pay back lump sum)
Chase credit card #1: $4,284 @ 15.24% (min. $90/mo)
Citi credit card: $2,773 @ 15% (min $43/mo)
and pay all the rest on this one: Chase credit card #2: $1,188 @ 16.24% (min. $40/mo) If you can really spend 2K a month on debt repayment, you'll knock it out in month 1.
Month 2, 3, 4
Pay minimums on these
Student Loan: $117,530 @ 2.9% fixed (minimum $350/mo)
BofA credit card: $13,802 @ 0% (min. $149/mo)
Loan again 401k: $12,568 @ 4.25% (automatic debit, can only pay back lump sum)
Citi credit card: $2,773 @ 15% (min $43/mo)
and pay the rest of your 2K on this one until it's paid off: Chase credit card #1: $4,284 @ 15.24% (min. $90/mo)
From there on out I'd continue to pay them off in this order:
Citi credit card: $2,773 @ 15% (min $43/mo)
BofA credit card: $13,802 @ 0% (min. $149/mo)
Loan again 401k: $12,568 @ 4.25% (automatic debit, can only pay back lump sum)
Student Loan: $117,530 @ 2.9% fixed (minimum $350/mo)