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Context 6 - Credit Cards 3

Last updated almost 2 years ago

7 questions

Note from the author:

MMR Resources

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Question 1

1.

Why is the interest to principal ratio helpful to understand the cost of paying off a credit card?

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Question 2

2.

Why is an amortization table helpful to understand the cost of paying off a credit card?

Question 3

3.

What is a better strategy to pay a percentage of your balance or to pay a fixed amount? Explain.

Question 4

4.

What do you think are some good strategies for paying off debt? Explain.

Question 5

5.

What do you think are some bad strategies for paying off debt? Explain.

Question 6

6.

Go to this site and read the bottom of the webpage.
Do you think the website is a trusty worthy source of credit card recommendations?

Question 7

7.

What are some strategies to help you pay off credit card debt?