Is It Okay To Pay Just The Minimum On Credit Card Debt?
Debt Guru
AUGUST 21, 2020
Loans with a low interest rate (around 7% and below) such as mortgages and federal student loans have a built-in pay-off date. You can treat these like any other monthly bill: Even if you make only the minimum payments on this type of debt, you will eventually pay it off. Slow payoff or no payoff.
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