Current Events > Paying the minimum amount due, 11 years. Paying $88/month, 3 years and save $824

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wackyteen
11/27/20 12:53:13 PM
#1:


Would you find a way to make the suggested payments?





Was looking at a statement and it's amazing how much a little bit extra can make a difference lol

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SauI_Goodman
11/27/20 12:54:27 PM
#2:


Just pay it all off at once. No interest!

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2Pacavelli
11/27/20 12:55:43 PM
#3:


You have about 3500 in debt. I know because I'm in same situation
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CommonStar
11/27/20 12:56:00 PM
#4:


I always pay my bills to avoid those additional fees and interests. It helps to only spend if I got the money for it.
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SquirtleSkwad
11/27/20 12:56:32 PM
#5:


SauI_Goodman posted...
Just pay it all off at once. No interest!
It's so simple!

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SamsungGearS2
11/27/20 12:56:48 PM
#6:


SauI_Goodman posted...
Just pay it all off at once. No interest!

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PatrickMahomes
11/27/20 12:57:25 PM
#7:


The sooner you pay off, the better. Not sure what this is (sounds like a car?) but places like this end up making more money off the interest.

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Dat_Cracka_Jax
11/27/20 12:57:38 PM
#8:


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littlebro07
11/27/20 12:58:41 PM
#9:


Trick question

I open a new credit card with an introductory 0% interest rate and transfer the balance there and just repeat until I die

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wackyteen
11/27/20 12:59:56 PM
#10:


Dat_Cracka_Jax posted...
What's the minimum amount?
$55.

So suggested would be 60% over minimum

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wackyteen
11/27/20 1:00:17 PM
#11:


littlebro07 posted...
Trick question

I open a new credit card with an introductory 0% interest rate and transfer the balance there and just repeat until I die
You sound exactly like my grandmother <___<

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NightMarishPie
11/27/20 1:02:00 PM
#12:


littlebro07 posted...
Trick question

I open a new credit card with an introductory 0% interest rate and transfer the balance there and just repeat until I die
I know like 4 people who do this.

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littlebro07
11/27/20 2:08:36 PM
#13:


NightMarishPie posted...
I know like 4 people who do this.

I actually have only done it once, because I ended up getting hit with a surprise $3000 medical bill a month before my credit card's 0% ran out.

It seems like a good strategy for paying down debt though assuming the transfer fees aren't too high.

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Fossil
11/27/20 2:29:40 PM
#14:


Don't buy something you can't afford. Problem solved.
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wackyteen
11/27/20 3:04:00 PM
#15:


Fossil posted...
Don't buy something you can't afford. Problem solved.
But i can get what I need now and pay for it later! /s

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Solid Snake07
11/27/20 3:07:29 PM
#16:


It's a pretty good rule of thumb to pay of any debt that's isn't a mortgage or a business loan asap

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modena
11/27/20 3:10:45 PM
#17:


Where money?


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