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MikeWPhilly t1_iyeqsh2 wrote

It doesn’t really matter which one you do. I’d pay the car loan off first. Then put the full payment of that to the $6900. That will be paid off in no time. Then put both payments toward 6000. You should be able to pay for all 3 very quick then put all 3 payments to pay back your dad. Which would be essentially 2 years for him. About 2 years to pay off your 3 loans on your own unless you can pay extra over the the payments.

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mistermephist0 t1_iyernt2 wrote

Make sure to get your dad a nice gift while you are at it lol. Good of him to do that for you

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YesImClueless OP t1_iyf03l7 wrote

He insisted on helping me, and I'm ultimately so incredibly grateful. I've never gotten help like this so I'm anxious about making the smartest choice! All he asked for this year since giving me the money was to buy a plane ticket to see him, I plan to surprise him soon.

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YesImClueless OP t1_iyf2ndu wrote

Thank you so much! This is really great advice. I get so overwhelmed sometimes that I find it hard to figure out where to start. With this plan I'd be able to pay my dad back by the end of the third year or so if not earlier. Once I'm able to find a way to increase my income or reduce it, i can manage throwing more money in as it comes.

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