Eliminate your credit card debt by using biweekly payments
Instead of making the standard monthly payments on your credit card debt, switch to a biweekly payment schedule. This accelerated payment plan will help reduce the time it takes to pay off your high interest credit card debt. By making automated payments twice per month, you will be able to reduce the amount you pay in interest, helping you to become more financially independent.
Credit cards are a popular addition to the AutoPayPlus service by our customers because they can synchronize these payments with their auto, mortgage, or student loan they already have enrolled. Paying them all from one place on an automated payment cycle takes the worry out of your hands.
Paying the minimum balance on your credit card could send your interest payments off the charts!
With a $13,000 balance on your credit card that has 14% interest rate, it could take you nearly 13 years to pay it off and you could spend more than your original balance in interest alone by paying just the monthly minimum. Simply by increasing your payment by a few dollars and making biweekly payments, you can save more than $3,268.99 in interest and payoff your loan in just over 2 years!