Very long term. I just want the payments to be flexible, until I can pay them.
I have one $17,500 card where I only have to pay a minimum monthly of the month's interest + $15 (at 9.9 APR). (At this rate, $17,000 will be paid off in 94 years and 5 1/3 months.)
I have another $13,000 card where I have to pay 2% minimum (at 9.9 APR). (At this rate, half of an initial balance of $12,500 would be paid off in a little over two and a half years, and payments will have been halved.)
So $17K on one is $155, and $12.5K on the other is about $250, for about $400 per month to keep my credit floating.
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timeasmymeasure
Re: Wow.
Date: 2002-08-24 05:19 am (UTC)I have one $17,500 card where I only have to pay a minimum monthly of the month's interest + $15 (at 9.9 APR). (At this rate, $17,000 will be paid off in 94 years and 5 1/3 months.)
I have another $13,000 card where I have to pay 2% minimum (at 9.9 APR). (At this rate, half of an initial balance of $12,500 would be paid off in a little over two and a half years, and payments will have been halved.)
So $17K on one is $155, and $12.5K on the other is about $250, for about $400 per month to keep my credit floating.
Trickster