<prompt> Human: This post is going to be a modestly long one, Id like to thank all those that can give me some advice in advance : thanks.Im a senior in college, I graduate in December and start a full time job in January. Ill be receiving a signing bonus in late September of 50k before taxes and an additional 50k late January. I need some advice of how to approach allocating the money.I have 15,000 dollars of student loans: Half with an interest rate of about 3.4, the other half has an interest rate of about 6.8. No payments have to be made till June 2013.I have 2 cars under my name:The first has 49 remaining payments of 323 dollars 15,827. I think I have the option of a full payoff on the car of about 14,700. So, if I keep paying off the car month by month, over a course of 4 years i will be paying about 10 more for itThis second car is where it gets complicated, my parents needed a car and their credit sucked so they made me buy it under my name. It has about 22,000 to 23,000 dollars left of payments. My parents pay this car every single month so it does not come out of my pocket. BUT, of the last 11 months, 5 of them have been marked as 30 days late on my credit report.I have a total 1700 dollar credit limit which was at 90 full till last week when I paid it completely off with money I made over my summer job.My experian credit score is 630.Should I consider paying off my car? The 15,827 value oneShould I hold off on paying my student loans? at least the low interest one?Where should I put my money?Anyway, my goal is to be in the best position possible this time next year in the case of me wanting to purchase my first house.Obviously my biggest worry is that if I continue to let my parents pay for the car, that it would have been better if I had just paid for it myself and didnt litter my credit with late payments. My parents actually did this to my sister as well, it was even worse, they applied for a 5000 credit card in her name and charged it all in one swipe for cash...its hard to handle this situation because its arguable whether they really needed the money.Thanks. Let me know if you need more info. I live in florida and will live in california next year, the influx of cash may have to be taxed with california tax maybe.  <response>: stop giving your parents access to your credit. give them cash instead. 