Sunday, September 12, 2021

Paying only the minimum balance can get really expensive in the long run. When you only pay the minimum, you carry a balance on which you'll be charged interest. 

 

Due to the high interest rates, your bill will keep growing each month. It's better to pay off your balance in full each month to avoid high-interest charges and debt. 

 

If you can’t pay the full balance, make the highest payment you can afford. Try to decrease your spending and focus on paying off your debt as soon as possible.

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