I learned in 1 of Robert Kiyosaki book, that paying credit cards 1 at a time to easily manage my debts. For example, if you have 3 credit cards with debts of 50,000 pesos each, Pay card 1 and 2 with minimum amount due and Card 3 with max payment you can make, In this way, you can easily fully paid your card 3, unlike paying card 1, 2 and 3 at the same time which will occur in interest rate / renewal fee rate in the long run. I’ve proven it correct because I manage to clear out all my debts in 2 credit cards, now im in the process of clearing out my credit card debts in card 3 and 4.
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I have cleared my 2 and 4 long ago. My remaining cards are 1 and 2. hehehe. Thanks for your tip.
hahaha, just dont get/add new credit card for now
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Hello there! Thanks for dropping by at my main blog. My new blog is http://www.budgetblogging.net. As for now, I only have one post there but definitely I will be post more soon. I will be sharing my experiences and what I did to get my credit cards agree to make me pay them in terms.
By the way, if you want, we could exchange links there? Just drop by and comment, I will add you soon. Thanks again!