CREDIT CARD DEBT

The minimum payment trap

How long it really takes

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Example

$5,000

At 22.36% APR

A common card balance.

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Minimum only

~19 YRS

To pay off

Our estimate.

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Interest

~$8,200

Minimum only

Paid on top of $5,000.

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$200 a month

~3 YRS

To pay off

About $1,800 interest.

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$300 a month

~21 MO

To pay off

About $1,040 interest.

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Your statement

WARNING BOX

CARD Act

Shows your payoff time.

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Best method

AVALANCHE

Highest rate first

Saves the most interest.

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Quick win

CALL

Ask for lower APR

One call can cut your rate.

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Get out faster

Payoff tables and tips

Read the guide

nexgenheadlines.com

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