How to Repay Your Credit Card Debt3 Great Strategies for Credit Cardholders
In the paragraphs below, we have enumerated strategies that you can use to gradually pay down your credit card charges for you to eventually free yourself from all forms of debt. Pay off the balance on the cards that carry the highest rates of interest. Do you think you pay way too much cash on your interest charges, especially because your guaranteed approval store credit cards carry high APR’s? If you do then, there’s a simple solution to your problem. That is, to pay first the balance on the credit card that imposes the highest interest rate. To do this, you need to review the rates of interest imposed on the lines of credit you currently have. Take out the fine print of your card programs and determine what the APR is for each credit card. Then, make a priority list as to which credit card you need to pay off first, based on their interest rates. In so doing, you can generate huge savings on the payments you make on interest charges. More importantly, you can allocate such savings to settle your other credit card bills, so that it will be easier for you to juggle your credit payments with your personal or household expenses. Read more: How to Repay Your Credit Card Debt
0 Comments
Leave a Reply. |
Details
AuthorHi there! I’m Denise Shaw, a financial analyst from Delaware. I have been in this professional expertise for over 7 years now. Archives
September 2020
Categories |