Ask Question
7 March, 19:43

What is the problem with paying only your minimum credit balance each month?

+5
Answers (1)
  1. 7 March, 22:32
    0
    While it's important to make at least the minimum payment, it's not ideal to carry a balance from month to month, because you'll rack up interest charges (unless you're benefiting from an intro 0% APR) and risk falling into debt.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What is the problem with paying only your minimum credit balance each month? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers