Paying Down Debt

[PattiS]

I hvae three lines of credit:

1) Home Equity Line ($1700 of it is a revolving acount at 5.75% and remaining balance is $7868 at 7.74%

2) A credit card with a balance of $3600 at 9.9%

3) A personal loan with a balance of $5600 (deferred payments) at 0% until 4/12/09 when it goes to 15.99%

I pay more than the minimum payment amount for each balance, including paying $200 per month on the deferred payment account.

My question: Should I put all of the "additional payment" money to only one of the above? And, if so, which should I tackle first?

Thanks,

Patt

[CheekyChops]

Its usually best to pay the minimum on the ones with lowest interest rate and throw anything extra at the one with the highest interest rate.
In your case that would mean paying the minimum payment to 1) and 3) and pay as much as possible off 2).

When December comes, you may want to revise that and pay the extra to the loan 3).

[PattiS]

Thanks, CheekyChops