Considering selling my car to get out of debt.
Considering selling my car to get out of debt. My wife and I have $30k in a personal loan (12% rate) that we used to pay off our credit card debt. It's a 72 month loan. The payment is $650/mo. Our other debt is one of our cars. We have $7,000 left to pay. Rate of 3%. It's $250/mo. The car can be sold for $30k ($23k in pocket after we pay off the car loan). As far as assets, we don't have m...