Pay Off Credit Cards Quickly
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15 months free interest, pay min and save rest to earn money and pay credit card off in 14 mo?
Hello,
Last month, I consolidated my two credits for a 15 month no interest credit card, after 15 months the interest is 9.9%. I could pay double the minimum payment each month to pay off the loan before 15 months or put the other payment into a savings account that pays 5.05% APY. Then just before the 15 months is up, pay off the amount owed from the savings account (earning around $250+).
A friend says I should just pay off the credit card as quickly as possible.
So, should I save and then pay off the loan just before the 15 months is up or quickly pay off the credit card each month?
Thanks for the advice,
-Shannon
pay off the CC quickly
Debt & Debt Consolidation : How to Pay Off Debts Fast
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