Hey everybody. I am a new member here and would really appreciate some advice. I am pretty swamped in debt, CC's are right at 20K, student loans at approx 28K. My income is pretty good, at about 75K per year. I have a little amount of cash from a recent sale of a vehicle that was paid off(i have a company car now). My credit, through use of these forums quite a while ago is now spotless and my credit score is just under 700. My question is this, should I take the money that I recently acquired from the sale of the car and purchase my first home, or should I hammer down on my consumer debt until it is paid off? My local real estate market (as all I would assume) is really taking off, and I am really questioning my best move. I would love to be debt free, but I don't want to miss out on a great new opportunity for a brand new construction home in a great new area. I think I would almost immediately have a good amount of equity (10-15K) from the purchase of the new home, seeing as it is a brand new, pre construction opportunity. Anyone have any advice? Any and all would be appreciated...
