Archive for the ‘ Credit ’ Category

credit card debt38 How long will it take to pay off this Credit card debt?
Bill P asked:


Have $2,100.00 in credit card debt. The interest rate is 12.99%. The minimum payment is only $41.45. Make a payment of $100.00 per month. How long would it take to pay this debt off, if i continue to make $100.00 payments and not use this card ever again?

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credit card debt32 Should I pay off high credit card debt or save money for a down payment on a house?
David asked:


I have about $15k in credit card debt and want to buy a house in about a year. I have $1,000 a month to either save or pay down the debt, which is the best way to go?
I currently only have about $1K in savings and my credit card interest rate is around 8%.

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credit card debt34 Does it make sense to save money if you have credit card debt?
ilovebobsaget2 asked:


I’m planning on going to vegas in july so i am saving money, but i do have balances on my two credit cards. Would it make sense to keep putting money into a savings account when i have debt? Should i pay off my credit card debt before saving money? Thanks for any suggestions!

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