Pay off a large balance

Track your plan

The payments on a credit card amortization schedule are an approximation of the amount needed to completely pay off the credit card balance. Check the minimum payment amount on each monthly credit card statement to ensure that the next scheduled amortization payment is the same or more than the statement minimum payment.

It is also a good idea to occasionally stop and recreate your plan to ensure that your credit card amortization stays on track.

Continue with "Reconcile monthly statements"