Borrowing, Credit & DebtCredit Cards
The Minimum Payment Trap
Paying the minimum can stretch a card balance over many years
Pay the minimum on a $3,000 card and you're never late. You're also still paying it 15 years later.
You'll find out
- How long minimums really take
- Where your first payment goes
- The warning on every statement
Why it matters
The minimum keeps you in good standing, not on your way out. Knowing the gap is power.
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