Pay off credit card, or put it towards my principal?
I'm receiving about $1800 from an accident I was in. My Sentra SE-R was totalled, which is why I bought a 3. What do you guys think the best use of this money will be? I have a balance of $1400 on my credit card with an interest rate of 10%. My car loan is 3.9%, but the value of the car is rapidly decreasing as well. Should I pay off my card or put it all towards the principal on my car loan? I can also split it down the middle. Any other suggestions are welcome.
Mazda3 Hatchback / Titanium Grey / Auto / ABS,SAB,SAC / Sirius / P.I.E. Aux-in!!!