http://www.seeingfinance.com/2009/credit-card-minimum-payments-how-long/ Visual Explanations of Finance and Economics Wed, 28 Jul 2010 03:15:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.seeingfinance.com/2009/credit-card-minimum-payments-how-long/comment-page-1/#comment-807 Fast Approval Credit Card Thu, 08 Jul 2010 00:01:18 +0000 http://www.seeingfinance.com/?p=192#comment-807 Pay more than the minimum: Try paying more than the minimum payment each month. The minimum payment includes mostly the interest on your account. So, if you pay only the minimum amount, the credit card company makes more interest while you lose the cash in your pocket. Moreover, it'll take you longer to get out of debt. But paying more than the minimum reduces your balance and helps you pay off credit cards fast. Pay more than the minimum: Try paying more than the minimum payment each month. The minimum payment includes mostly the interest on your account. So, if you pay only the minimum amount, the credit card company makes more interest while you lose the cash in your pocket. Moreover, it’ll take you longer to get out of debt. But paying more than the minimum reduces your balance and helps you pay off credit cards fast.

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