Are you throwing a lot of money at your credit card debt, but aren’t seeing a difference? This is common where the borrower may be making the monthly payments on time, but still seeing a high balance.
Most of the money you’re paying is going directly towards interest. That’s why it can take years to pay something off. Here’s a tip…find a credit card that’s offering a 0% APR for at least 12 months. Once you find that card, you want to make the transfer from your old card to your new card.
After the transfer, keep up with the same monthly payments you’ve been making. This money is now going straight to the principal.