Interview: Michael Taggart
Talking Points:
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- Only Paying Minimums. A $2,000 credit card with an 18% APR would take you 370 months to pay off only using minimum payments.
- Missing Payments. These not only hurt your credit score, but they can trigger interest rate increases and penalties as credit card companies see you as more of a risk for default. If you’re missing payments, you’re making the credit card companies a lot of money and extending the time it will take for you to pay them off. Continue reading “5 Mistakes to Avoid When Paying Off Credit Card Debt”