It's wise to put more
than the minimum payment toward your credit card debt.
Not exact matches
This way I was able to pay more
than twice the
minimum payment toward my student loans.
While you'll still want to make more
than just the
minimum credit card
payment each month, you may end up funneling some of your funds earmarked for credit card payoff
toward emergency savings until that account is where you'd like it to be.
So long as you are actively working to pay down your debt — and are making at least your
minimum payments to avoid credit damage — the specific method you choose is less important
than the fact you are working
toward debt freedom.
In other words, if I pay more
than the
minimum amount due at the time of
payment enough times to get to a point where there is no balance due for a month, but I make a
payment any way, that
payment does not count
toward PSLF.
On the plus side, if you're enjoying a low - interest or 0 % APR deal on your transferred balance, the bulk of that
minimum payment will go
toward your principal balance, rather
than being wasted on interest fees.
If you have more
than one credit card, consider a debt payoff plan like the debt snowball method, which allows you to pay more
toward one credit card each month, while making
minimum payments on the others, until that card is paid off.
Now your Brokerage itself could reformat itself and restructure your revenue streams (in all probability with far more long term viability
than it has today)
toward the Brokerage alone offering a FSR
payment model but that would mean dropping your Brand Licensing revenue streams from everyone that is not selling over 100 properties a year
minimum.