Most of your payments go toward interest costs when you only pay the minimum amount. A substantial sum of your balance remains standing.
As a result, it becomes more expensive to eliminate your debts. You don’t want to wait more than 10 years to get rid of debt while it’s possible to do it sooner.
All you have to do is double that $100 minimum payment to $200 or go higher.The good thing is that minimum credit card payments are affordable in most cases.
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