Question: David has run into some debt problems. He currently has the following credit card debt and can only pay $ 2 5 0 ? month.
David has run into some debt problems. He currently has the following credit card debt and can only pay $ month.
Which strategy below will save him the most on interest expense?
Pay the minimums on cards & and everything else pay toward Card #
Transfer Card # balance to Card # and then pay the minimum on Card # while paying everything else on Card #
Pay the minimums on cards & and everything else pay toward Card # so he can pay it off quickly and build some
momentum
Pay the minimums on Cards # and # and pay everything else on Card # since it has the highest outstanding balance
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