So can you spare a buck a day?
If so, maybe you can apply an extra $30 a month to your credit card bill. If so, you will be paying to finance $360 a year less, which with interest rates approaching 27% on some cards can be substantial! This is especially true if you have only been paying the minimum balance and found that you are not getting anywhere trying to pay off your balances.
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You may wonder how long it will take to pay off a credit card or other unsecured loan by making the minimum payment. Well, I have to tell you that if have run up a substantial balance, let’s say a few thousand dollars, it will take awhile if you can manage it at all. Let’s say you have a fairly moderate $3500 balance. And lets say your interest rate is reasonable, say 14%.
FREE ONLINE DEBT PAYOFF CALCULATOR
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