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See what happens when you max out a credit card, including the impact on your financial health and credit score. See how to handle a maxed-out card.
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As your budget allows, here are some ways to pay off a maxed-out credit card: Pay more than the minimum:Whenever possible, pay more than the minimum amount due on your credit card statement. Unless you have a promotional APR, paying only the minimum may keep you trapped in a cycle of...
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Below, Sokunbi gives advice on paying off a maxed-out credit card and how that may differ in today's economy given the coronavirus pandemic. Normally, you should pay off your maxed-out credit card as soon as possible Under normal economic circumstances, when you can afford it and have enou...