How can I pay off my credit card debt when the minimum payments I have been making don’t seem to make a dent in the balance?
Don’t feel alone, your situation is a common one for many individuals. Did you know that if you have a balance of $2,000.00 and only make the minimum payments, it would take you approximately 16.5 years to pay it off? That’s why it is important to pay more than the minimum payment each month. If you can afford to make more than the minimum payments on your credit cards, even if it is only $5 or $10 extra, you will significantly reduce the amount of years it will take to pay off the debt. Another suggestion is to generate extra cash. You might want to look into getting a part-time job, if your schedule allows for it. Or you can try making money by using your hobbies or skills. If you enjoy gardening or handy work, you can offer your services to others for a fee. Use the extra income to pay off your debts. How do you dispute inaccurate entries on a credit report Make sure you have copies of your credit report from the three major credit reporting bureaus, TransUnion (www.transunion.com),
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