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 | | | Finance > Debt
How to reduce the interest paid on revolving debts
Credit card interest accrues daily. Paying 50% of your normal payment twice before it is due will cut your revolving debt interest in half. Paying it in 4 installments of 25% of your normal payment will cut the intrest down to 25%.
Note* only works with revolving debts (credit cards) and total monthly payments must be equal to or greater than your minimum payment. | | | | | | Kenneth in Fort Lauderdale, Florida | Tips Published: 9
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