Fixed vs. Minimum Credit Card Payements
If you've got credit card debt that you can't payoff right away, the worst thing you can possibly do is make only the minimum payment. Credit card minimum payments are designed to keep you in debt, and you'll pay far, far more than you actually owe. Our calculator below will show you how much faster you can pay off your debt if you make fixed monthly payments rather than the minimum payments. Check out the difference between making the minimum payment compared to the maximum monthly payment you can afford.
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