Question

Which step is not part of the 5-point credit card debt elimination plan?
a.
calculate how much money you earn each month
b.
list all of your current credit cards
c.
add up all the amounts you have in the minimum payment column
d.
pay only the minimum amount on all credit cards

Answer 1

d. Pay only the minimum amount on all credit cards — that prolongs debt and is not part of a debt-elimination plan.