Tired of seeing overwhelming credit card bills every month? If so, don't surrender! Of course, the number of the bill may be quite daunting, but with a certain degree of discipline and victory, it can be eliminated earlier than you think. If a little encouragement to take action is just the medicine you need, try these 5 reasons why you should pay your credit card bill early...
1. Its money in the bank - by completely getting rid of this terrible credit card balance, what's surprising is how much monthly salary and monthly. Admittedly, insisting on paying only a minimum amount is a viable option, but it takes an average of 20 years to repay the balance in this way. Save funds previously used to pay for financial expenses back to your bank as soon as possible.
2. Payment balances are good for credit history - this concept is not unexpected. By paying your balance as soon as possible, you can also improve your credit report at the same time. Good credit priority maintains a balance of available credit ratios below 30%, but zero debt is better for the entire purse.
3. Rewards will be even more worthwhile - in most cases, if the bill is not paid in full, any rewards obtained from the credit award program will be eliminated by the additional interest paid. This completely violates the purpose of first obtaining a credit card reward program. In order to repay credit card bills once and for all and start letting your money eventually work for you with the rewards you earn.
4. Save a lot of pressure - financial burden is called to cause them fair relationship problems and other nasty pressures. By eliminating the constant wear and tear of the mind (and body), happiness will begin to occupy places previously occupied by excessive debt and stress. Really, there is no need to worry about where the next minimum repayment will come from. This is a great comfort.
5. Live like a millionaire - Guess what most millionaires have in common... If you answer that they are completely debt-free, then you are absolutely right. Financial blessings and debts do not work well together. Of course, money is not entirely for the purchase of happiness, but there is no money to contribute to permanent unhappiness. The credit card bills are fully paid off. This momentum will prompt changes to improve the financial situation.
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Orignal From: 5 reasons for early repayment of credit card bills
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