This person rights into Dr. don at Bankrate and ask should they pay off their credit card debt or save for a down payment on the house. They have 8 months rent free. He says save the money for the down and skip paying down the debt.
I am not a financial advisor but I think this is horrible advice. You should pay the credit card debt to nothing and then focus on buying a home. We as American need to learn to stop buying things we can not afford. The Credit Card debt is a symptom of poor budgeting and financial focus.
This Dr. is prescribing the wrong medicine. Get rid of the debt and then move on to the house.
Deciding between debt and down payment
Deciding between debt and down payment
technorati tags:down payment, debt, house
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