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What is the best way to make minimum payments?

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What is the best strategy to make minimum payments ? Shall I divide the minimum payments into 4 parts and pay in 4 weeks? Or, shall I pay the total amount once at the end of the billing cycle?




You can divide the minimum payments in 4 parts and pay the amount each week. As long as you pay the total amount, it's fine. Not an issue. The best part is you have to pay less interest every week. If nothing else, it will give you a psychological boost.

Sub: #1 posted on Tue, 06/30/2020 - 22:27

David Martin David Martin

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Yes, the plan is good. Just create a budget and set aside the money. It will be easiler to arrange the minimum monthly payments.

Sub: #2 posted on Fri, 07/03/2020 - 05:04

sanderspatricia29 sanderspatricia29

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Hi Rusel! Why do you want to make minimum payments? By making minimum payments you are just stretching your debt an you will end up paying more interest than you otherwise would!
If you need debt help, call 800-DEBT-913 and get immediate assistance. The expert financial coaches are gonna help you out regarding your debt and advice you the best way to pay it off!

Sub: #3 posted on Sun, 07/12/2020 - 21:17

Craigh.terry Craigh.terry

(Posts: 204 | Credits: )

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