It is actually better to make more payments as the debt is paid off faster. Most financial experts say that more is better. This reduces the amount payed toward the interest.
The best way to pay off your debt is by making two to three payments each month. This is known as the snowflake method of debt payment. It brings down the balance on your account. The creditors tend to charge more interest if you carry a balance.
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Hi Guest,
It is actually better to make more payments as the debt is paid off faster. Most financial experts say that more is better. This reduces the amount payed toward the interest.
The best way to pay off your debt is by making two to three payments each month. This is known as the snowflake method of debt payment. It brings down the balance on your account. The creditors tend to charge more interest if you carry a balance.
Thanks,
Aaron