Question and answer
Type in $5,000 for “What is your credit card balance?” Type in $150 for “What fixed payment could you make each month?” Do you think it is better to pay only the minimum payment or pay the higher monthly amount? Explain why.
Hello If its for a credit card, always pay more than the minimum amount, otherwise you will never decrease your balance, you will just be paying on the interest.
Expert answered|DEANA|Points 96|
Question|Rated bad
Asked 10/4/2010 7:19:35 PM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Do you think it is better to pay only the minimum payment or pay the higher monthly amount on your credit card? Explain why.
Weegy: I think its better to pay the higher monthly amount if you can. Paying off your credit cards quicker avoids over excessive interest charges and shows greater responisbility in the eye of your creditors (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/4/2010 7:47:53 PM
0 Answers/Comments
Do you think it is better to pay on your credut card only the minimum payment or pay the higher monthly amount? Explain why.
Weegy: no. because it will just increase your debt. i say go for the higher monthly amount. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/4/2010 7:52:26 PM
0 Answers/Comments
Do you think it is better to pay on our credit card only the minimum payment or pay the higher monthly amount? Explain why.
Weegy: If possible pay out the whole balance to avoid interest. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/4/2010 7:57:47 PM
0 Answers/Comments
Do you think it is better to pay on our credit card only the minimum payment or pay the higher monthly amount? Explain why.
Weegy: Credit card companies charge you a small percentage of your total debt as your monthly minimum payment and most people go along with their plan. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/4/2010 8:04:48 PM
0 Answers/Comments
Do you think it is better to pay on our credit card only the minimum payment or pay the higher monthly amount? Explain why.
Weegy: It depends on how much you can handle at a time, in any given month...If you are on a fixed income, then it's better to pay the minimum, so you don't get into debt by running out of money...If you have better funds, [ then maybe it's ok to pay more...Depends on your financial situation. ] (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/4/2010 8:17:50 PM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
What continent is turkey?
Weegy: Turkey is in the continent of both EUROPE and ASIA.
4/24/2014 11:58:46 AM| 7 Answers
What is the line of symmetry for the graph of y = -3x2 + 12x - ...
Weegy: The graph of x^2 - 12y = 12x - 12 is the graph of a quadratic. User: Which of the following points lies on ...
4/24/2014 3:49:35 PM| 5 Answers
10q - 20 is equivalent to _____. 2(q - 10) 10(q - 20) 10(q - 2)
Weegy: 10q - 20 is equivalent to 10(q - 2). User: Evaluate 5x3 + 2 for x = -1. -7 -3 4 6 Weegy: 5(-1)^3 + 2 ...
4/24/2014 5:19:43 PM| 4 Answers
(m3n + 8)(m3n - 5)
Weegy: simplified the expression is: (m3n)^2+3m3n-40 User: (2x - 3y)(4x - y) User: [4 - (3c - 1)][6 - ( 3c - 1)] ...
4/24/2014 11:19:58 AM| 3 Answers
verb
Weegy: The Verb. Recognize a verb when you see one. Verbs are a necessary component of all sentences. Weegy On! User: ...
4/24/2014 12:48:07 AM| 2 Answers
EXPLAIN THE PATTERN OF DEVELOPMENT IN THE FIRST THREE YEARS OF LIFE ...
Weegy: From birth most babies are born with certain reflexes, some of these are known as survival reflexes. The sucking ...
4/24/2014 2:49:58 AM| 2 Answers
Religious men who lived apart from society
4/24/2014 8:17:14 AM| 2 Answers
Which of the following expressions has 3 terms? 8x + y - ...
Weegy: xyz User: Evaluate a2 + b for a = and b = -. - - 0 Weegy: 3-3 = 0 User: Which of the following ...
4/24/2014 2:54:30 PM| 2 Answers
_________ and ___________ tend to be frequently misinterpreted in ...
Weegy: C. Body language; criticism tend to be frequently misinterpereted in computer-mediated communication User: ...
4/24/2014 4:17:54 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1982 [Total 7369]| Ratings 0| Comments 1982| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1941 [Total 9822]| Ratings 0| Comments 1941| Invitations 0|Offline
S
1
L
C
L
Points 979 [Total 5782]| Ratings 5| Comments 929| Invitations 0|Offline
S
1
L
1
L
P
Points 597 [Total 7274]| Ratings 2| Comments 577| Invitations 0|Offline
S
L
Points 485 [Total 2932]| Ratings 2| Comments 455| Invitations 1|Offline
S
L
1
1
1
Points 359 [Total 3625]| Ratings 8| Comments 279| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 231 [Total 231]| Ratings 6| Comments 151| Invitations 2|Online
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
1
Points 165 [Total 495]| Ratings 4| Comments 125| Invitations 0|Offline