Ask Terry Questions Credit card debt

Credit card debt

By Terry Savage on December 19, 2023 | Credit/Debt

Please the best and most efficient way to pay off credit cards

Terry Says

There is an EASY secret. Keep paying the minimums on your card. But pick ONE card — the one with the highest rate.
Write down this month’s minimum monthly payment.
Double that amount — and write that number down.
Then keep paying that same amount (not double the next minimum) but the original amount, every month.
Don’t charge another penny on that card!
The balance will be paid off in two years.
Try doing it with TWO cards, if you can, at the same time. YOu’ll soon be out of debt.

Recent Credit/Debt Questions

money

ASK TERRY

a personal
finance question