11 Jun Are You Happy Donating to Your Favorite Financial Institution?
The convenience of a credit card is wonderful! The low minimum payments are wonderful. We’ve all heard that paying the minimum payment really hurts. But how many of us know exactly how much it hurts?
The dollars we pay in credit card interest rob us from making our future dreams come true. Do you know how much your minimum payment is keeping you from experiencing what you value most?
Learn for yourself. Download our Loan Credit Card Payoff worksheet to calculate how much you’re donating to your bank with your current payment schedule.
Simply input your credit card interest rate, your current credit card balance and, the minimum percent payment you are required to make on your credit card balance. If you continue making minimum monthly payments, you’ll see the total interest you will pay and the total number of months it will take to pay off your credit card.
If you’d like to shorten the time it will take to pay off your card with a fixed loan, see how much you’ll pay if you lower the interest rate and shorten the amount of time it will take you to pay off the loan. Play with the options and see the difference.
CashMap teaches you how to achieve outcomes you never imagined.
Our suite of products and services will teach you to use your income with a Line of Credit to save thousands of dollars in interest. You’ll create your own low interest loan, giving yourself a rate no bank would ever offer you. You’ll dramatically shorten the time is takes to pay off any loan AND pay dramatically less interest.
To see what’s possible, watch the six-part series, Accelerate Paying Off Any Loan. The principles demonstrated will apply to any loan or credit card.