Personal loan
I am single and work full time. I have 25,000credit card debt and was thinking of getting a personal loan to pay off.
Please advise
Thank you so much,
Terry Says
That doesn’t make sense. Here’s what to do:
Take the CURRENT minimum monthly payment.
Double that amount. Write it down.
Pay that same amount every month — double the current (not the new) –minimum monthly payment.
Don’t charge another penny on the card.
It will be paid off in less than 3 years (instead of the maybe 30 years if you keep paying only the minimums!)
