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For example, if you transfer $6,000 in credit card debt to a card offering 0% intro APR for 18 months, you could pay off the full amount by making $333 monthly payments with no added interest charges.
If your main goal is to pay off your credit card debt, the last thing you want to do is add to that debt by continuing to charge your expenses. “Quit using your credit cards,” Repak says ...
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.” ...
By building a clear timeline with a repayment calculator, ... if you focus on paying down your debt and dedicate $500 each month to your credit card debt, you’ll pay only $458.11 in interest ...
Lower-income households tend to have the highest credit card debt-to-income ratio, making it even more difficult to pay off debt. However, even those on a low income can take steps to get out of debt.
The safest way to pay a debt collector is with a method that provides proof of payment, such as mailing a check with a return receipt or using a secure online payment portal provided by the collector.
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