What is the fastest way to pay off your credit cards?

Answer by  Kaylene (93)

Begin with not adding any charges to the credit cards, then pay as much as possible on the one with the highest interest until it is paid off. That the money now available from the first card being paid off and increase the payment on the one with the next highest interest rate and continue in this manner.

Answer by  TeresaL (150)

Always try to pay more than the minimum amount. If at all possible maybe even try to send an extra payment of any amount every month. If you get paid twice a month send your regular payment when it is due and maybe a smaller payment on your next payday. This will make it paid for a little sooner.

Answer by  Robs4thecubs (422)

The fastest way to pay off your credit cards would be to pay it off as soon as possible. The longer you wait, the higher your interest.

Answer by  Gabriel (2146)

First use whatever you have saved to pay down balances. I then paid off the highest interest rate card first, paying just the minimum to the other. Once that's paid off, combine that payment with the minimum on your next higher, etc, etc. Last tip: stop charging!

Answer by  Manda (1103)

Well, if you have any savings or disposable income, go ahead and pay off your credit cards. If you dont, then get a raise, or get a better job that pays you more so you have more money to pay off your debts.