[asloan111]

Since I am in a financial bind, like the rest of America, but I still want to make payments on my credit cards, how much should I pay each month? The minimum amount owed, unless I can afford more?

[jason]

More, always more. As much as you can afford. Pay off the highest interest rate one first, pay the minimum on the rest. Even $10 a month can help. That is how they get you is when you only pay the minimum.

[shoestring]

Never ever pay only the minimum if you can help it. Pay as much as possible to get those credit card balances to zero as soon as you can.

[SaveAlways]

Oh yes, I've heard the same thing about always paying more then the minimum amount due. You will never get them paid off that way, but that is what they like.

[cheapo]

Suze Orman is now recommending that it's best to save then to pay off credit cards. If you pay even $5 more than the minimum that will help your credit rating. There's a lot of cards out there now that are offering 0% until 2012 or for the next 15 months, etc. for almost no fee to transfer the balance. You might want to look into those.

[AmericanDream]

The problem with the 0% is that you get hit with all that interest at once. I had a Best Buy card and made a purchase with that 0% interest and a year later I had an interest charge of over $300.00. You have to know what you are getting into before you do it. I think it's best to pay what you can on your credit cards because interest can be a beast. I have a card that has about 48 dollars a month on interest right now. I want to pay that one down faster.

[onmars]

Paying your credit cards off slowly will cost you thousand and thousands of dollars. If you can no afford to pay more, then try to keep it from going over the credit limit. Other wise pay as much as possible every month.