Lesson 6
Which Debt Comes First?
Put debts in order by what happens if you miss them, then by rate, and see how a purchase can lose its value before its loan is paid.
Builds on
Predict
Mo has £400 spare this month and three debts: £400 of council tax arrears with a final reminder, £2,000 on a credit card at 29%, and £600 on a catalogue account at 39%.
Which should the £400 go to first?
Choose a prediction, then select Next to see the answer.