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What is the problem with paying only your minimum credit balance each month?
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3 votes
What is the problem with paying only your minimum credit balance each month?

User MSIslam
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1 Answer

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While it's important to make at least the minimum payment, it's not ideal to carry a balance from month to month, because you'll rack up interest charges (unless you're benefiting from an intro 0% APR) and risk falling into debt.
User Srikar Uppu
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