This repayment hack could help you knock out credit-card debt faster
Taking a closer look at your credit card statement could help you dig out of debt faster. Consumers paid off more of their monthly credit card balance — and whittled down big debts faster — when given the chance to target specific purchases on their statement for repayment, compared to when only offered typical repayment options such as making the minimum payment. In other words, instead of plunking down the minimum $ 50, you might nix all your Uber rides, that new pair of sneakers and last week's happy hour tab. That's according to a forthcoming study from researchers at Ohio State University, Harvard Business Sc...