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 Originally Posted by Galapogos
Originally Posted by biondino
Well, first off, pay off as much as you can to get it under the max, and then set up a system where you are paying the minimum monthly amount
Don't do this! Credit cards are set up so if you only pay the minimum amount you're debt on it will be paid off in 32 years! Make sure you pay as much as you reasonably can each month.
No no - I agree with you completely, but what I am saying is first priority is for Boost not to screw up his credit, which he already has done by going above his limit. Once he's got it down, and has set up this minimum payment (purely so that he doesn't damage his credit further), he can then see how to pay off as much as possible as quickly as possible.
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