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I need some sound advice on how to begin a credit card debt elimination plan for myself. I decided to
set a goal for myself of 24 - 36 months. Then I divided the current balance(s) by 36. My question is this: should I have included the current interest rate
in this formula? In other words, once I determinded the monthly rate of 36 equal payments, should I have
multiplied that by the current percentage rate? Would
this accelerate the payment of the principal or is this
unrealistic? Although it would be tight for the first few months, I am willing to stick with this until I see the mountain of debt disappear. Does anyone have a better solution?
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