keepitreal7
keepitreal7 keepitreal7
  • 18-05-2020
  • English
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Do you really lower your debt if you make minimum payments?

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mariambaluch21
mariambaluch21 mariambaluch21
  • 18-05-2020

Answer:

Paying down your credit card balance will reduce your monthly minimum payment due. However, if you're trying to get out of debt, paying only the minimum is a poor plan – especially since cards tend to have high APRs.

Explanation:

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