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Balance. Monthly Payment. Repayment timeline. Total interest paid. $10,000. $200. 109 months (9.1 years) $11,680
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.
The best debt consolidation loans tend to carry lower interest rates than credit cards, so if you meet the qualifications, you may be able to save money on your credit card debt. The bottom line
Debt to pay off. Monthly payments. Time to pay off. Interest/fees paid. Card with 15-month intro APR offer. $5,150 (principal balance + BT fee) $300. 17. $150 BT fee, $12.23 in interest
Once your balance transfer is complete, you should be able to see the amount you transferred on the new card. To pay your debt off faster, prioritize making payments on the balance transfer credit ...
For example: If you have a $10,000 credit card balance at 24% interest and are paying $350 per month, it would take you 43 months to pay off your debt, and you would pay over $4,900 in interest.
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