You have new items in your feed. Click to view.
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
Get an answer
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
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
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
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
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
Expert Answered
Asked 10/4/2010 8:17:50 PM
0 Answers/Comments
27,216,402 questions answered
Weegy Stuff
S
Points 581 [Total 682] Ratings 0 Comments 581 Invitations 0 Offline
S
Points 540 [Total 540] Ratings 0 Comments 540 Invitations 0 Offline
S
P
P
L
P
Points 220 [Total 1538] Ratings 1 Comments 210 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 163 [Total 1615] Ratings 1 Comments 153 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 0 Comments 0 Invitations 1 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.