What is the longest you should hold credit card debt for?
Wednesday, March 18th, 2009Brad M asked:
I currently have around $3,200 in credit card debt, which is a large yet manageable amount. I want to pay this debt off slowly. What is a good timeframe to completely pay off my balance? Is a year or two a good goal or should I be more aggressive?
I currently have around $3,200 in credit card debt, which is a large yet manageable amount. I want to pay this debt off slowly. What is a good timeframe to completely pay off my balance? Is a year or two a good goal or should I be more aggressive?
I know it depends on what I want to do, but I am not sure if having large amounts over time is a bad thing over than the obvious interest accruing.
Cheryl
