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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|
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Asked 10/4/2010 7:19:35 PM
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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)
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Asked 10/4/2010 7:57:47 PM
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Do you think it is better to pay on our credit card only the minimum payment or pay the higher monthly amount? Explain why.
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Asked 10/4/2010 8:04:48 PM
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Do you think it is better to pay on our credit card only the minimum payment or pay the higher monthly amount? Explain why.
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Asked 10/4/2010 8:17:50 PM
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