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Author: kensjags Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308654  
Subject: Re: Saving vs. Paying credit card debt Date: 6/26/2011 11:15 AM
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Is your payment date based on paying the minimum due each month??
I have recently found a resource that taught me a schedule to making the most out of my payments.
Step one :
take your cards and write down the amount you owe.
#2 write the minimum due
#3 divide the amount due by the payment. this will give you a number and a ranking of which you should pay-off first. The lowest number should be first ......
If you can add even $20 to that card each month, while making your other minimum payments, it will speed up the pay-off date.
After paying that card off apply that to card two on your list and so-on.
It has helped me. I started with 20,000 in debt and have a debt free date in 28 months.
Good luck
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