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1). Minimum Payment on Credit Cards – Bad Idea? By : Joseph Kenny
Are you quite happy paying off the minimum amount every month on your credit card bill? You may be unaware of the actual amount you are paying off towards your debt. Most off your payment will go towards the interest owed leaving your debt and further interest charges to accumulate further.
1 in 8 people in the UK pay only the minimum payment required on their credit cards.
Article Related to: credit, cards, minimum, payments, debt, interest, charge, fee, direct debit, cost, increase
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