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Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
My experience with this company has been nothing short of fantastic. I would like to point out especially the excellent customer serve by ***. She was always available, cheerful and worked hard t...
Fast Track Debt Relief, Inc.
Friday, August 25, 20175eKomi
My experience has been excellent. Everyone that I came in contact with has been very good.
Fast Track Debt Relief, Inc.
Sunday, June 25, 20175eKomi
Something unbelievable but true this program really helped me a lot so far
Fast Track Debt Relief, Inc.
Saturday, July 22, 20175eKomi
I like that they take time to Answer all my questions and don't feel rushed when I talked to them.
Fast Track Debt Relief, Inc.
Wednesday, May 3, 20175eKomi
I had been so over whelmed with being in debt and truly saw no way out. And with the help of *** and *** I am officially DEBT FREE. I cant begin to tell you how good this feels. And for some time...
Fast Track Debt Relief, Inc.
Tuesday, July 11, 20175eKomi
My experience has been both beneficial and it has relieved all of my stressors in regard to my dealings with my creditors. Everyone has been really helpful.
Fast Track Debt Relief, Inc.
Saturday, June 10, 20175eKomi
What can I say!! Fast Track Debt Relief was a Blessing in Disguise and Life Saver for me and my family. With over $60,000+ in debt, we turned to Fast Track Debt Relief for assistance. They set up...
Fast Track Debt Relief, Inc.
Saturday, August 19, 20175eKomi
Great experience. Very professional.
Fast Track Debt Relief, Inc.
Friday, July 28, 20175eKomi
Very helpful and professional. I was treated like family
Fast Track Debt Relief, Inc.
Wednesday, August 9, 20175eKomi
I had a very courteous, polite and extremely well knowledgeable about the information I received. All my questions were answered. We need more customer service like this young man.
DEC 03, 2015, THURSDAY
Monthly-Minimum-Payment--Fast-Track-Debt-Relief-Tips Debt Free Life: The Downfalls of Paying the Monthly Minimum

Credit card companies are tricky - with their reward programs and monthly minimum payment options, they would have you believe that you can actually save or even make money by using their cards. Very few people are able to do this; most end up paying far more than they would have if they had made their purchases outright; and it takes a lot longer to become debt free if you're simply making the monthly minimum payments. When it comes to that sneaky minimum payment, it can be so tempting to just pay that amount. But here’s why you shouldn’t:

  1. You’ll pay more in interest. If you just pay the monthly minimum payments, you’re paying off your principal balance at a much slower rate. You’ll spend hundreds or even thousands in interest fees - some of which can be avoided by increasing your payment to cover more than just the minimum.
  2. You’ll be paying for much longer. If you want to pay off your loan sooner rather than later, you’ll have to pay more than the monthly minimum payments. Paying just the minimum extends the life of your loan - costing you more money and putting debt-free living that much farther into your future.
  3. Your credit score won’t be as good. Paying just the minimum balance also affects your credit, because your debt is decreased at a much slower rate. When your credit balance is high compared to your credit limit, you lose precious credit score points.
  4. You’ll have a decreased credit limit. Let’s say you have a credit limit of $5,000, and your balance currently stands at $4,500. That leaves you only $500 in available credit. If you’re just paying the monthly minimum payments, that balance isn’t going down anytime soon, so let’s hope you don’t incur $1,000 in unexpected car repairs.

You won’t be able to secure other loans as easily. If you plan on buying a house, car, or other big-ticket item, you may not be able to get the loan you want. Lenders look carefully at your credit balances, and if your debt ratio isn’t to their liking, they won’t provide financing. Contact the debt experts at Fast Track Debt Relief to get started on your debt free life today!

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"Fast Track's Debt Relief financial specialists can give business owners the peace of mind that comes with knowing that the effort has been made to have business debt problems finally settled with Fast Track's help."
Rebecca G.
"The staff was great. They treated me with the upmost respect and answered all of my questions in a timely manner. Thank you!"
Janet A.
"Thank you so much. I never meant this to happen. I felt so bad inside; I always tried to pay my bills. Thank you for all of your help. I do not ever want more credit cards."
Ginger J.
"Thanks so much for your help!! I am so glad this is all over!!"
Melissa H.
"The people of Fast Track are very concerned with the client. They are life changing in our case. Thank you."
Joe L.
"Thanks to all your staff; for the many girls and boys I've alked to. They were always so helpful to answer all of my questions and concerns. I would highly recommend this company to help others in need. Thanks again!"
Tanis P.
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