The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Credit card debt pay down Date:  5/9/2000  5:00 AM
Author:  winedyne Number:  33265 of 312300

Look for cards offering teaser introductory rates, taking advantage of this whenever possible. Then, consolidate all debt to one card.

The next step is to make weekly payments. This works very well to get the money out of your hands before you are tempted, or find something else to do with it. On an after tax income of twenty five thousand dollars, I eliminated nineteen thousand dollars credit card debt in fifteen months.

Using this newly acquired discipline, I expect to save more than ten thousand dollars in the next six months.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us