If you are like me, you took a few loans in the past and now you need to think about repaying them. The situation can be tricky if you like me have at least a few debts. One question I have been asking myself is which debt should I repay first. Since I do not have enough money to pay all of them at once, the least I can do is to try to repay one of it.
Which debts should be repaid first? In my opinion, those debts that can cause the most complications should be repaid first. Usually, those debts are debts with the highest interest rates. It is smart to pay them off first because the longer you wait, the more money you will have to pay to the person who gave you the money.