Archive for the 'Payoff credit cards' Category

Paying off Credit Cards With Minimum Payments

Very convincing advice about the pitfalls in paying the minimum credit card payment every month. Breaks down all of the credit card payment scenarios to illustrate how minimum payments mean nearly never ending credit card payments. Double up and pay down your debt!

Credit Card Debt Elimination

When it comes to eliminating credit card debt, make a plan and then work your plan. And when you pay down a credit card, be sure to keep open your oldest credit card for maintaining your credit history. And make sure that you only close an account that has the zero balance. This way you avoid the credit card company raising the interest rate.