Question

Which of the following statements about minimum payments is INCORRECT?

A. Minimum payments are typically only 2-4% of your total debt

B. If you send in the minimum payment, you will be charged a late fee.

C. You will still pay interest on your balance if you submit the minimum payment.

D. Paying the minimum means you are only paying off a portion of your total debt.

Answer 1

B. If you send in the minimum payment, you will be charged a late fee

Answer 2

The answer would be
B- if you send in the minimum payment, you will be charged a late fee