/adv/ - Credit Card Payments - Advice

Anonymous

Credit Card Payments 10/19/25(Sun)23:17:09 No.33830651

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Credit Card Payments Anonymous 10/19/25(Sun)23:17:09 No.33830651 Archived

I have about $6,000 debt from a credit card. I did the math for how long it'd take to pay off with all my bills and mortgage, it'd be close to 2 years of minimum payments. Should I just stop paying or will they fuck me over?

Anonymous
10/20/25(Mon)07:37:39 No.33831682

Anonymous 10/20/25(Mon)07:37:39 No.33831682

>>33830651
Don't pay minimum payments or refinance it in some way, credit card interests are typically higher than typical loan interests.

Anonymous
10/20/25(Mon)08:51:33 No.33831965

Anonymous 10/20/25(Mon)08:51:33 No.33831965

>>33830651
Give us a shootout from the financial diet, tell Caleb he should've lost more weight by now

Anonymous
10/20/25(Mon)09:02:31 No.33832006

Anonymous 10/20/25(Mon)09:02:31 No.33832006

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>>33831965
I meant shout out
Shout
Like say you were on advice

Anonymous
10/20/25(Mon)11:28:05 No.33832498

Anonymous 10/20/25(Mon)11:28:05 No.33832498

>>33830651
You can pay more than the minimum, and pay it off more quickly with less {{{interest}}}.

Anonymous
10/20/25(Mon)12:06:52 No.33832593

Anonymous 10/20/25(Mon)12:06:52 No.33832593

>>33831682
How would I refinance? Call the company?

>>33832498
I will keep that in mind. Does above min payments count as principal (non-interest balance) similar to a mortgage?

Anonymous
10/20/25(Mon)12:10:49 No.33832610

Anonymous 10/20/25(Mon)12:10:49 No.33832610

>>33832593
>Does above min payments count as principal
Yes. Feel free to pay the whole thing off in one lump payment.

Anonymous
10/20/25(Mon)12:14:19 No.33832617

Anonymous 10/20/25(Mon)12:14:19 No.33832617

>>33832610
I'm gonna go ahead and assume the late fees will also build interest like crazy, right? Or does it depend with each company/credit types