About Pay Off Credit Card Debt

Does Pay MORE Than the Monthly Minimum

If you only pay your minimum credit card balance each month, you’re not alone. Thousands of people across the nation are in serious credit card debt. One of the main reasons why they are is because they’re doing the same thing you’re doing – only paying the minimum amount required. When you only pay the minimum, you’re not paying down your debt at all. You’re merely paying a portion of the interest that you’re accruing. This is not how you pay off credit card debt.
About Credit Card Debt and Interest

If you stop using your credit cards completely and only pay the minimum amount each month, it would still take you years and years to pay off even the slightest balance. Why? Because even though you’re not making new charges on your credit card, you still have a balance; and that balance is building interest which is Read the rest of this entry