<prompt> Human: I came into about 5,000 worth of CC debt for some various reasons. Heres what Im doing about it, and I want to know if you guys think i made the right move.First I took out a loan on my car for 5,000 I bought the car in cash last year. I used the car loan to pay off my CC debt. This did three things for me. 1 Made it so I only had one debt. 2 Gave me my first car loan I understand car loans are required, as a type of credit to buy a house.3 It lowered my interest payments from 13 to 4.32. I made it a 12 month loan, meaning it will be paid off next year this time. Did I make the right decision? Also, I will update next year, to inform on how well this worked out.  <response>: I understand car loans are required, as a type of credit to buy a house.I know lots of people who own houses but dont have drivers licenses and therefore no car, and therefore no car loan. 