Posts Tagged ‘minimum’

Overpaying on credit card minimum payments

Posted on: February 15th, 2013 by Kenneth Long No Comments

(Ask a Question) Why does overpaying one month not reduce my minimum payment for the next month? When I paid $50 more than the minimum payment, the next month’s payment was almost the same ($4 cheaper). Why does the monthly payment not drop by more since I basically paid a big chunk of it early. (more…)

I have several credit cards–can I just settle my biggest one?

Posted on: January 10th, 2013 by Kenneth Long 1 Comment

(Ask a Question) I have serval credits with low balances that I can pay, but I have one that is huge that I cannot afford their min payment. Can I just do debt settlement on this one without going through my whole financial life. (more…)

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