Here comes the frenchie who does not understand your english terminology :D . Though I understand the phrases, I do not understand the meaning of "Pay in full every month" and "Working to pay off" for a debt. Can somebody help me ? Thanks !
Hi, Lionel. These phrases refer to credit card debt. "Pay in full every month" means that you pay the full balance of your credit card every month. If you carry a balance from month to month, then you would be "Working to pay off" the debt. Does this help?
The terms "pay in full" and "pay off" don't have to refer to credit card debt. Credit cards are just the things to which you are probably most likely to see these phrases refer. "In full" means "entirely" or "all." "Pay off" means to pay in full. So, if a debt is paid off, that means that all the money that you used to owe to the lender is now back in the lender's possession.