Paying Debts

Philippines
January 2, 2012 6:26pm CST
Friends. How do you pay your debts? Take for example, we have a credit card, would you go with the credit card's offer to pay the items on an amortizised payments or given a chance, would pay them in full?
9 responses
@cher913 (25895)
• Canada
3 Jan 12
cut up your credit card and only use cash. then pay money towards your debt every week or month, whatever and in no time you will have it paid off.
@rooftop (110)
• Malaysia
29 Jan 12
Yes cher913 I like your style.
• United States
31 Jan 12
I guess it really all depends. I normally try utilize the offers, especially if they are offering a discound or a percentage off, I will try and take advantage of the promotion and then apply the payment of what ever I would've spent in cash to the credit card so I don't stay with the debt. I normally do that alot with store such as Macys or JcPenny, they normally give good discounts/incentives to credit card holders, which in the long run saves you quite a bit of money.
• Philippines
29 Jan 12
i pay them with cash after i received my salary, i prefer of not using credit card due to interest so you really not saving your money with it but it only added expenses, besides i can also use my bank online to pay my bills its more secured and hassle free than credit card or going to payment center in person.
• United States
3 Jan 12
What an interesting question or comment. What do you do with yours? I have four credit cards I use monthly. On the ones which have a high interest rate and balance, I pay anywhere from three to five times the 'minimum payment'; on the one with a 0% interest rate, I pay an amount only leaving a tiny balance each month. I send these payments so they will be credited to the account only a day or two before the due date. All my other bills, I try to pay in full each month so as to avoid late charges.
@tkonlinevn (5785)
• Vietnam
3 Jan 12
If I have a chance, I'll pay debts full. Certainly. Debts are never good for our finance. I think that we should have a good control with our debts. We should find how to pay them quick.
@asyria51 (2870)
• United States
3 Jan 12
I pay the whole bill in full every month. That way I get the benefit of the points without the downfall of paying all that money in interest to the bank. For my big debts like my mortgage, we pay an additional payment each year at tax time which goes directly to the principal of the loan.
@dodo19 (26644)
• Beaconsfield, Quebec
3 Jan 12
I can certainly understand how you feel. I too owe a lot of money, and I don't have enough to pay everything all at once. So, I basically try to put as much as I can on the things that I owe.
@kingparker (9698)
• United States
3 Jan 12
I owe a lot of money on my credit card too, and I don't have enough cash to pay them all at once, so I would pay them more than the minimum payment requirement, hopefully to pay it off as soon as possible. If you have spare cash, it is better to pay it off since the interest rate is a big concern to me. So, good luck to pay off your debt. I need to work on mine too.
• United States
3 Jan 12
I pay the whole bill in one shot. If i need to use it for something after that i will. Te following month I will pay the whole bill.