how can i stop my debt and avoid bad credit rating?
February 23rd, 2009
| Tags: Bad Credit Rating, Credit Card, School Supplies
HOla asked:
I used my Credit card to pay for some classes, school supplies and personal expenses, now I owe about 4200 dollars, I want to pay it off soon but i can only pay 300-400 every month..which is more than double than the minimun payment..but I wonder how long will this take me if I continue paying 3-400 a month (with int rate of 16%) and will this affect my credit? what can i do?
Landon
I used my Credit card to pay for some classes, school supplies and personal expenses, now I owe about 4200 dollars, I want to pay it off soon but i can only pay 300-400 every month..which is more than double than the minimun payment..but I wonder how long will this take me if I continue paying 3-400 a month (with int rate of 16%) and will this affect my credit? what can i do?
Landon
What you can do is to stop charging anything more and pay it off as fast as possible.