We decided to do a balance transfer on the credit cards. CC4 was offering 0% for 1 year, and thereafter, it is 9.24% (our lowest rate of all the cards). We decided to transfer the balance of CC3 (14.24%), and a small amount of CC2 ($1,000).
Once Student Loan 2 is paid off (cross your fingers, in December! I have already started to write a song about it.), we will be tackling CC2. We decided to go in interest rate order, and at 11.99%, it would be the highest (since we now transferred CC3). I would love to try and get rid of it by the end of next year.
We already know the car will be paid off at the end of 2011. The Retirement loan will be close. And to be rid of CC2 too....awesome.
Also in play is the fact that Student Loan 1 payment will increase at the end of 2011. Not entirely sure of the new payment amount....but I think it will go from $82 to $229. I am kind of just waiting that one out and will adjust accordingly.
Of course, I am also hoping that our snowball takes on a life of its own, and now that we are paying significantly less interest on a huge portion of our debt (thanks to Lending Club, balance transfers), I look forward to watching the numbers continue to fall.