Absolutely pay off your credit card debt, because a child can always get a loan to go to school, possibly a scholarship, a grant.
Suze OrmanMake it a priority to have at least eight months of living costs set aside in a federally insured bank or credit union account.
Suze OrmanCredit card companies are jacking up interest rates, lowering credit limits, and closing accounts - and people who have made timely payments are not exempt. So even if you pay off your balance - and that's tough when interest rates are insanely high - there's a good chance your credit limit will be slashed, and that will hurt your FICO score.
Suze Orman