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Originally Posted by b1adesofcha0s
Yeah that's kind of what I was planning on. Should I pay off the car first or just use that money for the down payment of house? I was also thinking about transferring the car to my name after I get full time work and I can get a loan. This way I can start building up my credit since I will be the main person on the loan. I have a better credit score than both my parents right now, but am lacking in credit history.
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Well it depends, are interests earned on your own investment > than the ones you are paying on your car? Do you have credit cards debt?
Pay off credit card debt first given the typical high interest then move down the ladder with the highest interest debts. At the end of the day things are easier when you ensure that your inflows are always higher than your outflows; credit card companies, banks are NOT your friends, keep that in mind and don't hesitate to tell them to get lost when they offer you lines of credit you don't need.