BREAKING NEWS President Trump to hold rally in Rochester on Friday Full Story
STREAMING NOW: Watch Now

My Money Monday, June 18 - How to pay off your credit card debt

"If you have more than one credit card, it’s important to look at the interest rates for each card, along with the balance."

Posted: Jun 18, 2018 10:55 AM
Updated: Jun 20, 2018 2:02 PM

Link: https://www.firstalliancecu.com/blog/how-to-pay-off-your-credit-card-debt

Q: Credit card debt is pretty common these days. Do you have tips for paying off credit card debt?

A: If you have more than one credit card, it’s important to look at the interest rates for each card, along with the balance. You can either work on paying off those with higher balances first, or higher interest rates first. Either way, if you decide the order in which you’re going to pay them off, you will feel more in control.

Q: What are some other ways?

A: Whenever possible, make more than the minimum payment on your credit cards. This way, you are paying both principle and interest, as opposed to mostly interest. You will see your balances go down much faster. And don’t keep adding to your balances either.

Q: What about debt consolidation? Does that help?

A: Debt consolidation can help. You can take all of your credit card balances and combine them into one loan with one monthly payment. Debt consolidation loans also have fixed terms, so you will know when the balance of the loan will be paid in full. It’s important to talk to your lender when considering debt consolidation because there may be better options for you based on your situation.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 137536

Reported Deaths: 2421
CountyConfirmedDeaths
Hennepin34657994
Ramsey14342362
Dakota10027138
Anoka9039151
Washington608972
Stearns599144
Scott349634
Olmsted331430
St. Louis307970
Wright260915
Clay236243
Nobles230916
Blue Earth20667
Carver18477
Kandiyohi17535
Sherburne173322
Rice167410
Mower153517
Winona127819
Chisago10832
Crow Wing106222
Lyon9966
Benton9769
Waseca9379
Beltrami9147
Otter Tail9017
Todd8656
Steele7823
Morrison77610
Itasca76317
Nicollet74718
Douglas7283
Polk7244
Freeborn6914
Le Sueur6456
Goodhue62511
Martin61518
McLeod6104
Becker5884
Watonwan5794
Isanti5715
Pine5540
Chippewa4663
Carlton4622
Mille Lacs42715
Hubbard4103
Dodge4040
Wabasha3970
Cass3905
Pipestone35917
Rock3484
Meeker3453
Brown3333
Yellow Medicine2926
Roseau2900
Murray2893
Cottonwood2860
Redwood28411
Fillmore2640
Sibley2603
Renville25812
Wadena2553
Faribault2390
Kanabec22510
Jackson2171
Houston2121
Swift2091
Pennington2071
Unassigned19353
Lincoln1890
Stevens1871
Aitkin1862
Koochiching1725
Pope1650
Lac qui Parle1443
Big Stone1431
Wilkin1404
Marshall1311
Lake1260
Norman1210
Mahnomen1172
Clearwater1140
Grant994
Red Lake812
Traverse580
Kittson490
Lake of the Woods441
Cook170

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 117876

Reported Deaths: 1666
CountyConfirmedDeaths
Polk19173289
Woodbury728597
Johnson590630
Black Hawk5727101
Linn5692132
Dubuque529558
Scott466241
Story403918
Dallas348544
Pottawattamie326744
Sioux247017
Buena Vista226812
Marshall204436
Webster189115
Plymouth167831
Wapello154162
Clinton150227
Muscatine148758
Des Moines140910
Cerro Gordo140227
Crawford136314
Warren12737
Carroll116813
Jasper112334
Henry10745
Marion103211
Lee95910
Tama95837
Delaware80213
Dickinson7529
Wright7341
Boone7269
Mahaska70924
Bremer6879
Harrison67315
Washington66711
Jackson6463
Benton5982
Lyon5568
Clay5414
Louisa52515
Winnebago50219
Hardin4837
Winneshiek4839
Hamilton4784
Cedar4777
Kossuth4770
Buchanan4625
Poweshiek46211
Jones4544
Clayton4503
Floyd44011
Emmet43520
Iowa4189
Page4130
Guthrie40715
Cherokee4062
Mills4053
Sac4034
Cass4023
Butler3883
Fayette3844
Franklin38218
Shelby3812
Allamakee3809
Chickasaw3641
Madison3643
Clarke3573
Humboldt3383
Hancock3314
Grundy3186
Palo Alto3162
Calhoun3124
Osceola2890
Mitchell2831
Howard2749
Monroe26211
Union2524
Taylor2482
Jefferson2451
Monona2452
Appanoose2333
Pocahontas2322
Fremont2091
Lucas2066
Ida1962
Greene1880
Van Buren1812
Montgomery1807
Davis1794
Adair1771
Keokuk1641
Decatur1530
Audubon1511
Worth1460
Wayne1323
Ringgold922
Adams830
Unassigned150
Rochester
Clear
37° wxIcon
Hi: 45° Lo: 27°
Feels Like: 28°
Mason City
Clear
38° wxIcon
Hi: 47° Lo: 27°
Feels Like: 30°
Albert Lea
Overcast
39° wxIcon
Hi: 45° Lo: 26°
Feels Like: 34°
Austin
Scattered Clouds
43° wxIcon
Hi: 47° Lo: 27°
Feels Like: 37°
Charles City
Clear
43° wxIcon
Hi: 48° Lo: 29°
Feels Like: 37°
Tracking plenty of sunshine through the week!
KIMT Radar
KIMT Eye in the sky

Community Events