How to Avoid Relying on Minimum Payments to Pay Off Credit Card Debt?
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To avoid relying on minimum payments for credit card debt, prioritize paying more than the minimum each month. Create a budget to allocate additional funds to debt repayment. Consider transferring balances to a lower-interest card, if possible. Cut unnecessary expenses and increase your income to accelerate debt payoff. Developing a proactive repayment strategy helps prevent accumulating interest and pays down the debt faster.
9 episodes