<prompt> Human: I currently have two loans that Im looking for advice in paying: Loan 1 - Car Loan - 3.79 - 12,900 owed 360mo payment Payoff in 3 years Loan 2 - Personal Loan divorce settlement - 4.05 - 62,200 owed 436mo payment Payoff in 16 years, if my math is correctThrough tax refunds, and sale of my house I am now renting - I have about 10k to apply to debt.Should I: pay off most of the car, and then shift that 360 car payment into the principal on the personal loan simply apply everything to the personal loan since its a higher rate any other suggestions?Thanks for any insight!  <response>: The difference in interest between these is not so big that it matters too much. You pay less interest by paying down the higher rate loan first, but if you can payoff the smaller loan you gain great flexibility by not having that payment. If it were me, Id knock out the smaller loan car first then divert the old car payment into paying off the personal loan faster. Then if theres a month I really need that 360 for something else, I can decide what to do with it, without missing a required payment. 