What I would do with the 7.14% student loan is to open a new credit card with those 0% balance transfer offers. You can pay it all off by the deadline to eliminate your debt interest free. At the same time, the additional credit card will improve your credit history as time goes on. Of course opening up alot periodically doesn’t help, but since you don’t have alot of credit history, it might be ok to open a bunch at once, so in 18 months from now, those cards won’t be a negative mark on your record anymore. They then inturn help your credit because after 18 months, you’ll establish a longer credit history and have a lot of credit available. If you don’t spend/use it, then your debt/credit available ratio would be low, which will also help increase your credit too.
