CLEO (Malaysia) - - YOUR LIFE, YOUR RULES! -

Credit card debt, that is. “Most credit card com­pa­nies set the monthly min­i­mum re­pay­ment at around 2 per cent of the debt,” says Alex. That may not sound like much, but it adds up over time, and you’ll be bleed­ing money soon. To deal, pay be­yond the min­i­mum amount each month. Be­cause the more you pay off, the less you’ll be charged in in­ter­est. Next, change up your card to one with lower in­ter­est rates and al­most no an­nual fee, to eas­ily set­tle your debt. Smug face, guar­an­teed!

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