[Dolores]

I’m locked in at 10% interest so I pay $78 a month. Should I just pay it off if I can or keep paying $78?

[Annie]

Pay it off if you are able, you won’t have to pay interest and you won’t have to worry about it anymore.

[Sandy]

Pay it off and save the interest that you have been paying. Don’t charge more than you can pay in full each month, then you don’t pay any interest in the future.

[Denise]

Since my savings is not earning 10%, I’d put my money to work at 10% by paying it off.

[Claire]

Credit cards are intended to be paid off in full each month, ideally. Pay off as much as you can as soon as you can as often as possible. You don’t want to pay interest. If you need to charge more than you can “afford” there should be a plan. Eg ok I need this new refrigerator. I will pay it off in 3 months & hopefully it’s 0% options. Best of luck.

[Author]

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