Timeline for Can you pay off a Credit Card quicker by reducing the daily balance?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Aug 30, 2017 at 11:09 | comment | added | Martin Bonner supports Monica | @johnny : Yes, it would work, but see other answers for why this might not be the greatest approach. (Budgeting so that you pay off $50 per month will be much more effective). | |
| Aug 29, 2017 at 21:13 | comment | added | johnny | I think what I am asking is if by saving that five dollars a month, doesn't that lower the payment? So if I saved five in interest, but kept putting the same $750 on it, then theoretically, the plan would work. It might take 300 years, but it would work, wouldn't it? | |
| Aug 29, 2017 at 17:14 | comment | added | Grade 'Eh' Bacon | The math helps put things in perspective here. | |
| Aug 29, 2017 at 17:11 | history | answered | Jay | CC BY-SA 3.0 |