Paying Your Credit Cards -

Minimum monthly repayments tend to be set at very low levels, sometimes as low as 2% (although for cards taken out after 1 April 2018, the minimum payment must always cover fees, interest and charges plus 1% of the amount you owe). If you only make the minimum repayment your debt could take decades to pay off and in that time you could pay thousands of pounds in interest. Aim to pay off the entire bill each month so that you will not pay any interest at all. With a standard credit card, if you always pay off your monthly bill in full, you can enjoy between 45 and 59 days of interest-free credit. If that’s not possible, pay off as much as you can and work out a repayment plan. Don’t use the cards for cash withdrawals. Credit is King and Knowledge is Power! Call 18004421591 - Gaining Financial Stability with Intelligence and Integrity!