Sentences with phrase «high interest credit cards prior»

Not exact matches

In the era prior to the CARD Act many issuers applied payments made by cardholders to finance charges and balances with lower interest rates which cause higher interest accrual on the accounts and made it more difficult to pay down the total balances on their credit card accounts faster as the portions of their debt with higher interest rates were carried forward from month to moCARD Act many issuers applied payments made by cardholders to finance charges and balances with lower interest rates which cause higher interest accrual on the accounts and made it more difficult to pay down the total balances on their credit card accounts faster as the portions of their debt with higher interest rates were carried forward from month to mocard accounts faster as the portions of their debt with higher interest rates were carried forward from month to month.

Saying that, I do recommend to my clients that they eliminate high - interest rate credit cards and payday loans prior to taking advantage of the company match.

It is recommended you take care of credit card debt prior to paying off car loans or a mortgage because credit card interest rates are typically much higher, and mortgage interest is tax deductible.