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6 July, 11:32

What tells you how much your credit card interest will be if you only pay the minimum balance each month?

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  1. 6 July, 14:23
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    When you pay only a minimum balance in each month, you are actually paying the interest on the principle amount and not the principle. A longer time to pay your debt will tell you that it's just the minimum balance that you are paying. Further, you will also encounter larger interest charges and your credit score will hit.
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