Reduce Credit Card Debt - Pay Biweekly

The sooner you make a payment to a credit card company, the less interest you’ll pay.

If you only can afford to pay the minimum each month, there’s still a way to accelerate your payoff. Stop charging on the card--and make payments every other week.

For example, take a credit card with a $5,000 balance, a minimum monthly payment of $100, and an annual interest rate of 14%. By paying $100 each month, you would pay the card off in six years and four months. By sending $50 payments biweekly, you would pay off the card almost 10 months earlier--and save $339 in interest.

If you are heavy on credit card debt contact a Heritage member service representative. We'll take a look at your financial situation and help you get your finances in line. We also have a low-rate credit card that is 0% APR* for 6 months on balance transfers and purchases. You could save hundreds in interest and lower your monthly payments. Apply today!