How to pay my debt fast?

2017-12-22 11:18 pm
I lost my job i have only 700$ per month of unemployment allocation in Quebec

I'm 22 year, i have cancelled my internet, i moved with my mother, i have car but not very expensive Toyota echo. I use only my mobile for internet

My credit card Visa is loaded 1500$ CAD is little debt but for my credit point is better clear my sold fast no? My Friend Says is better clear slowly with the minimum.

Minimal payment is 70$, how my bank determine the minimum payment ?

回答 (6)

2017-12-23 9:54 am
✔ 最佳答案
Any balance you don't pay just adds more interest to the bill. Paying the minimum only is the WORST way to pay down a debt.

The BEST way to pay down a debt is to NOT use the card and pay as much as you can each month.
2017-12-24 5:31 am
Leave the card at home and make several payments per month. The minimum and the balance will go down faster than you think.
2017-12-23 2:44 am
no, clear as fast as you can.
2017-12-23 1:24 am
Friend are you aware that most banks and credit cards carry unemployment insurance?

And when you get unemployed you can file a claim the same as you would file a claim with your unemployment department and the bank or your credit card will pay your minimum payment for you until your reemployed check on this
2017-12-23 12:30 am
shred all your account-cards … ditch the internet and cell-phone subs … sell the toyota … pay off all your debts. and, in the future, pay ONLY cash … never credit/installment.
2017-12-23 12:15 am
find another job, sell stuff you no longer need


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