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Doing the "Payment push" By Bankrate.com - advertisement - Debt repayment schedule (See example)   Debt (highest to lowest interest rate) Balance due Interest rate Current monthly payment "Payment Push" period** 1.           Funding the "Payment Push": Make current payments plus additional payments from belt-tightening. Compute the time it'll take to get this debt off the books. Record the time frame under the "Payment push period" column. The monthly payment that is freed up when this debt is paid off will be used to pay down the next bills on the list. 2.           Funding the "Payment Push": Continue to pay the regular monthly payment. Once debt No. 1 is paid off, use the money freed up to knock this debt off. Keep going! 3.           Funding the "Payment Push": Continue to pay the regular monthly payment. Once debt No. 2 is paid off, use the money freed up to knock this debt off. Keep going! 4.           Funding the "Payment Push": Continue to pay the regular monthly payment. Once debt No. 3 is paid off, use the money freed up to knock this debt off. Keep going! Total debt and monthly payments           ** Bankrate.com calculators "The true cost of paying the minimum" and "What will it take to pay off my credit card?" will help you crunch the numbers.     Bankrate.com's corrections policy -- Updated: Oct. 26, 2006        RESOURCES Debt payment push explained Cut credit card fees Drowning in credit card debt  TOP STORIES Shady billing tactics rile cardholder Interest Rate Roundup Payment history can impact card rate

Credit Cards Compare weekly rates Card type Credit type Issuers WEEKLY AVERAGES Type Fixed Variable Standard 13.42% 11.57% Gold 11.73% 10.31% Platinum 10.55% 11.60% All 11.88% 11.34% ADVERTISING PARTNERS

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