How to pay off your credit card sooner

January 07, 2015
Robert Harney

With Christmas and the New Year now behind up some of us now have to face the reality of paying off a large credit card debt

Whether you just have a few hundred owing on your card or many thousands, here are some simple steps to get you started paying off the debt.

  1. Stop adding more debt to your credit card
  2. Pay more than the minimum repayment - even an extra $50 per month will make a big difference
  3. Set up a direct debit to pay a fixed amount off your credit card balance each payday
  4. If you have more than one card, pay off the one with the highest interest rate first or tackle the one with the smallest debt first
Posted in: Tips

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