How best to pay down debt?
Friday, December 19th, 2008Edward asked: I have 4 credit cards, 2 with approx 500.00 each on them w/ min. monthly payments of between 15.00 and 30.00. I send them each 50.00. (both store cards, 1 @ 17% 1 @ 0% for 6 more months)
The other cards have approx 5000.00 each on them with min. payments of approx 200.00 [...]
Debt reduction plan interest rate question?
Thursday, December 11th, 2008Schleppy asked: I am trying to set up a debt reduction plan where I pay off the account with the highest interest rate first, then move to the next highest, etc. My question is, which interest rate on my credit card statement do I use for this prioritization? There’s an Annual Percentage Rate and an [...]