Paying only the minimum balance on your credit card can lead to

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asked Jun 11, 2022 132k views

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Ferry · Answer 1 · 2022-06-16T06:39:33+0000

Answer:That's because a lot of cards come with high interest rates. Paying only the minimum will cause you to pay more in interest and extend the term of your debt, according to Bruce McClary at National Federation for Credit Counseling (NFCC).

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Paying only the minimum balance on your credit card can lead to

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