facebookI am earning about 4k a month. But I have cc bills up to 6 times my salary now and I want to clear it off asap because the IR is a bit high. Any advise? Should I freeze my credit card? - Seedly

Anonymous

05 Mar 2020

Credit Cards

I am earning about 4k a month. But I have cc bills up to 6 times my salary now and I want to clear it off asap because the IR is a bit high. Any advise? Should I freeze my credit card?

Discussion (9)

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#1 advice: pay down that debt as soon as possible by living frugally for some time, that paying down could be your best investment ever

#2 advice: analyze why that happened and, if you're uncomfortable with the situation, don't run again into it

The credit card companies lead a lot of

customers to spend too much as the prohibitively high interest rates are invisble at the moment of overspending, sad.

John Smiths

16 Dec 2019

Tax at Local bank in Singapore

I hope you have cleared your credit card bills or entered into a debt consolidation plan by now.

Kelly Trinh

22 Nov 2019

Backoffice technical at financial services firm

@OP - Curious on how you resolved your situation before? Did you get a loan to consolidate all the ...

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