Not exact matches
Some of you may be more experienced and more practiced at money management than others making sure all bills are paid
on time every month, full amounts paid to avoid
interest charges
on credit
cards, keeping your credit rating as
high as
possible.
A cash advance
on a credit
card may also be
possible, but it may have a
high interest rate.
If you have
high interest credit
card debts, it is better to direct your efforts towards paying off the credit
card debts first while you pay the
possible minimum amount
on your student loans.
It is
possible that you realise that the apr
on your existing credit
card is too
high thereby making you to pay huge
interest amount through your nose at the end of every month.
If not
possible, destine as much money as feasible to pay off the
highest interest rate loan or credit
card first and pay only the minimum
on the others.
If you think its
possible you'll carry a monthly balance above $ 363, the BankAmericard Secured credit
card's lower APR will help save you
on interest expense above and beyond its
higher annual fee.
If it's
possible to make more than the total monthly minimum payments try to focus
on paying the credit
card with the
highest interest rate.
But let's say you already carry a considerable credit
card debt
on another
high -
interest credit
card and want to reduce or pay it off as soon as
possible.
Sometimes it is not
possible to pay more
on your credit
card with the
highest interest rate.
Typically, if you want to save the most in
interest charges, you'd take a strategy to pay the monthly minimum required
on each credit
card to avoid fees — and then apply as much money as
possible toward the credit
card that charges the
highest interest rate.