Consolidate Your Credit Cards – Lower Your Monthly Payments
If you're like most North American consumers, you undergo life carrying a amount that is fair of card debt. And if you're like most north people that are american you're ok with that. $100 each month in repayments is okay, even though you're spending that much on three different cards. It's doable - you can afford it, when you have to. But listed here is the fact - you don't have to if you consolidate your credit card debt.
Perform some math with me here: You have a Mastercard, a Visa, a Discover card and an American Express. Let's say with each of them you're supposed to pay 12% interest per year, (which would be generous - many cards charge as high as 29% these days!) and the monthly minimum us roughly 2% of your balance which has become repaid each month. Assuming your debt $2000 for...