Bookmarks

Posts Tagged ‘Timeframe’

 

What is the longest you should hold credit card debt for?

Wednesday, March 18th, 2009
Brad 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 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

Search
Categories