asked 123k views
5 votes
Paying only the minimum balance on your credit card
can lead to

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User MiGo
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1 Answer

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Making only the minimum payment on your credit card keeps your account in good standing and avoids late fees, but that's about all it does. It won't get you very far toward reducing your credit card debt.
answered
User Nizar Blond
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7.5k points

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