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Organising your payments
Jon12345
Posts: 97 Forumite
in Credit cards
I have about 10 credit cards. How do you guys organise who to pay, how much to pay and when?
Jon
Jon
0
Comments
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I would assume that you attack the one that has the highest interest rate first then work your way down the list?0
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1. Set up DDs to pay the minimum amount each month on each card to avoid astronomic and extortionate charges.
2. Pay as much as you think you can afford each month of the card with the highest APR.
continue in ths manner until highest interest rate card is settled.
3. Start clearing the card with the next highest rate
etc etc................................I have put my clock back....... Kcolc ym0
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