Credit Card Debt

Four levers, ranked by what each one actually saves on a $20,000 balance. Includes the two that cost nothing and the one most people reach for by mistake.

Day 1 to year 7, in order: late fees, charge-off at 180 days, sale to a debt buyer, possible lawsuit. What is survivable and what is not.

$750 a month clears it in 3.3 years and saves $30,570 against minimums. Here is where that payment comes from and which tool fits at this balance.