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She said to really get rid of your credit card debt, you need to pay more than the minimum payment. “The more you can pay above the minimum, the faster you’ll be able to pay off your debt ...
The debt avalanche method. With this method, you target your highest-interest debt first while making minimum payments on everything else. Mathematically, this saves the most money in interest ...
If you want to get out of debt as quickly as possible, list your debts from the highest interest rate to the lowest. Make the minimum monthly payment on each, but throw all your extra cash at the ...
Getting a debt paid off quickly can motivate you to stay on track. As with the avalanche method, you make the minimum monthly payment on each debt. Then, you focus your attention on your smallest ...
With high interest rates, your debt will continue to rise more quickly, making it harder to pay off. One way to lower your interest rate is to make a balance transfer to a credit card with another ...
So it's best to try to get rid of your credit card debt as quickly as possible. How to pay off $10,000 in credit card debt. ... But while it's not an easy thing to do, it can be done.
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