debt paydown
i have charge card debt , but pay min on the low interest ones and almost double the min on the high interest one. my question is as i have no issue paying off the cards although it will take a while should i still call the 800 # for help
Terry Says
You DO have an issue, because when you pay only the minimum it can take as long as 25 years to pay off the balance! And along the way you’ll pay 4X the amount you original charged in interest payments. If you have “no trouble” paying the cards, then set a goal to pay the ENTIRE balance by the end of this year!! And don’t charge another penny on them! Please write back in December and let me know where you stand. I’ll be waiting to hear from you!
