<prompt> Human: I took out a 6000 loan from my bank to help pay off my credit card. Just graduated from college, so this card really helped me get through I told my parents that I took out the loan, and they were okay with it 100. They called me the next day asking me to consider possibly paying off the remainder of my car - about 9000. They would help out with the 3000. The loan payments are about 150 a month set for 5 years. I pay 340 a month for my car payments. Their suggestion is that if I pay the car off, not only will I be free of the monthly car payments, but i can put that 340 towards the loan monthly instead of the 150. Some advice would be great! Thanks in advance. Edit : Interest rate for the car is 4.9 and the loan is 13. The interest for my credit card is 24  <response>: Why would you take out a higher interest rate debt to pay off a lower rate debt? You still have debt, you arent paying off anything just moving debt around. Pay down the cc and leave the car loan in place, get a job and a budget. 