if you have a balance of less than $2000 dollars without paying high interest fees , I have a credit card that have a very low interrest in balance xfers is it a good idea to just carry over the balance from all my other cards that have a high interrest to that card What should I do ?
Someone that is almost getting
eaten by the green hideous monster
of financial insecurity,
any hand of help on this matter will be
very well appreciatted!
Thanks Ms Lucy Lui
What is the best way to pay your credit card debts ?
You should transfer everything over to the card with the lowest interest rate. That way you only need to pay one credit card company each month and avoid multiple interest rates having affect on your balances.
What is the best way to pay your credit card debts ?
put them all in one account and pay double (at least) the minimum payment. min pay is where they make all their money.
What is the best way to pay your credit card debts ?
pay off all the high interest cards with the lowest interest one. then make at least twice as much as the lowest payment allowed each month. try to pay it off with each paycheck, so the interest and loan go down steadily
What is the best way to pay your credit card debts ?
By instructing Credit Card company to deduct full payable amount before the due date!!
What is the best way to pay your credit card debts ?
divide the outstanding balance by 25 and pay that every month rather than the minimum balance
What is the best way to pay your credit card debts ?
I%26#039;d not of been so silly to of got myself into debt like that! But seeing as your there, you should just work like hell until its all paid up, then cut the bleeders up, they%26#039;ll only cause this sorta thing again later down the line!!
What is the best way to pay your credit card debts ?
You should transfer everything over to the card with the lowest interest rate. That way you only need to pay one credit card company each month and avoid multiple interest rates having affect on your balances.
What is the best way to pay your credit card debts ?
Transfering all to one could lead you to more debt, then again, it would mean one payment. If the new card offer is genuine (check it out properly first) then transfer so you have one payment. Then you should really work as hard as you can to pay it off as quickly as you can. Ditch thoses cards!!!
My moto...never spend money that YOU %26#039;don%26#039;t%26#039; have.
What is the best way to pay your credit card debts ?
Tansfer as much as you can from the highest interest rate card to the lowerest, after that pay off as much as possible - cut back on eating out and other pleasures for a while, and pay off the cards. Also forget about minimum payments. Look at what you are paying now, and continue to pay that even as the minimums go down. put all your extra money towards the cards with the highest rates.
Most of that has already been mentioned above. One more thing to try, if you are getting paid twice a month pay off 1/2 the payment with each check. You will save a small amount in interest accrued. If you are getting paid every 2 weeks, still pay 1/2 the payment with every paycheck. You will end up paying extra towards the principle without realizing it.
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