Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
KDD47

0 Contributions
0 People Helped
Skipping monthly pymts in order to pay off card balances one card at a time
With multiple credit card debts, Is there a way or is it even a good idea to skip monthly pymts in order to pay off balances, one card and one month at a time.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
1041 Contributions
342 People Helped

No. Start reading the articles here, and google the two best  methods to pay off credit cards.

You can make minimum payments on your cards, and put all extra monies toward your highest interest card. That makes the most sense.

The other method is paying off your lowest balance first, while making minimum payments on the others. 

Once the one card is paid off, put all monies you were putting toward that balance along with the minimum payment towards the next card and so on. Cut your expenses, budget, pick up extra work if you have to in order to get these paid off.

Top Contributor

Reply by
mindjazz

1041 Contributions
342 People Helped

You've been a member of this site for 2 years. Start using it to your advantage and benefit by reading the articles. You can also learn by reading other questions and answers on this forum.

Top Contributor
2045 Contributions
3170 People Helped

Never Ever  MIss making ANY Payment. 

Sell Something,  Get an extra Job, but Never Ever Miss making the monthly payment. 

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.