What a relief! My debt management program was approved! The offer letter was signed yesterday. From now on, my credit card debt has been restructured into ONE payment. Instead of running various banks making various amount of minimum payments on different dates, I only need to make ONE payment to ONE agency on ONE date. No more
Posts Tagged ‘minimum payments’
Are you making the same mistake that I did ? If I made the $50 minimum payment on a $2,500 credit card bill (at 18% interest), it’d take me 34 years to get out of debts !! You see it ?! And I’d have paid $6,430 in interest, about my twice original charge ! After realizing
You are not able to make your monthly credit card payment because you’re going through a period of financial difficulty, or you’re simply overspent. When you can’t make your monthly credit card payment, the absolute worst thing you can do is just let the bill go unpaid. Your creditor can charge you a late fee, raise
“It doesn’t matter now.” I have been telling my friends this recently whenever someone finds out that I am in debt trouble. It just doesn’t matter how we got into our debt trouble. Stop harping on what we spent on, how much we spent and why we bought those junks that we thought they were “must-haves”