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Business

₹2 lakh credit card dues vs ₹5 lakh personal loan: Which debt should you repay first? Experts explain

LiveMint - Money ·
₹2 lakh credit card dues vs ₹5 lakh personal loan: Which debt should you repay first? Experts explain

Should you repay ₹2 lakh in credit card dues or a ₹5 lakh personal loan first? Experts explain why high-interest credit card debt usually takes priority, how minimum payments increase borrowing costs, and how to protect your credit score while repaying both debts. 

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