How long will it take me to pay off my credit card
Have you racked up thousands of dollars in credit card debt? Cutting back on credit card debt is critical to maintaining control of a personal budget. Many credit cards have interest rates around 20 per cent. infochoice.com.au now has plenty of great low rate cards and zero interest balance transfer credit card deals.
A credit card debt of $2000 could take over 12 years to pay off, costing $2150 in interest if you pay only the minimum repayment.
Source: Adelaide Advertiser