This means the estate trustee can (and should) pay the deceased's tax debt before
paying credit card debt, for example.
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.
Even though I avoid
paying credit card interest by always paying my balance in full, the miles I earn from that spending still comes at a cost.
Credit card interest calculators, like this one or this one, can help you determine the cost and time frame
for paying your credit cards in full.
But if you're working with a client who may have cash flow issues,
paying the credit card fee may be a good investment in protection against receiving a seriously late project payment.
But the heavy lifting is going to be done
by paying your credit card bills on time and keeping the overall amount of debt that you have low.
Ironically, the vast majority of people who qualify for low interest rate credit cards are those with higher than median incomes and
who pay their credit card balances in full each month.
You could always pay with a credit card,
then pay the credit card balance when the funds become available from the broker.
It does not actually mean that much for your credit if your
just paying your credit cards on time, so it's important to have an active installment.
If you'll use your card to spend at least $ 15,000 a year, and you
never pay credit card interest charges, then you should consider this new rewards card.
If you
start paying credit card late fees or high - interest fees, you'll offset the value of the miles and points you are earning.
When paying your utilities and mortgage is a struggle because you're
also paying credit card debt, you could probably use some help reducing the amount you owe.
For people who
consistently pay their credit card bill each month, using a credit card for groceries can help build credit while generating significant savings over the year.
Unfortunately, consumers
usually pay credit card bills first so they can continue charging getting themselves further into debt.
Make sure you
still pay your credit card every month, but consider making multiple payments on the highest interest rate card to get that down.