Lets say you have three credit cards and you are paying them off. Which is the better way to pay it off: Scenario A: Make the minimum payments on two of the cards and making a higher payment on the third until it's paid off. Scenario B: Paying equal amounts on each card. I am faced with this problem right now and I am wondering which is the best way to do it so I can dig myself out of the hole faster. Thank you for your answers.
I'd also go for A. It might take you 10 years before you can pay off all three if you make equal payments as each credit card incurs interest monthly. --Joe