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
19,698,338 questions answered
Popular Conversations
Theodore Roosevelt became president when William McKinley was ...
Weegy: False. Theodore Roosevelt became president after William McKinley was assassinated.
2/26/2015 7:38:06 AM| 5 Answers
The phase change that is the reverse of sublimation is A. ...
Weegy: Boyle's law states that the volume of a gas is inversely proportional to its pressure if the temperature and the ...
2/26/2015 2:21:23 AM| 3 Answers
whats lush
Weegy: 1+1 = 2 User: whats in a heartbeat
2/26/2015 12:22:58 PM| 3 Answers
A ratio compares two numbers by division. True User: The ratio of ...
Weegy: When ratios are used in comparing units of measure, the units should be the same. User: In writing the ratio ...
2/26/2015 1:31:50 PM| 3 Answers
What is the reciprocal of 3/8? User: what is the reciprocal of 4/15 ...
Weegy: The reciprocal of 4 is 1/4. User: what is the reciprocal 4 2/3 Weegy: The reciprocal of 4 is 1/4. ...
2/27/2015 12:39:39 PM| 3 Answers
Comprehension The questions below refer to the selection “Digging.” ...
Weegy: B) miners User: Comprehension The questions below refer to the selection “Digging.” The father and ...
2/26/2015 6:39:22 AM| 2 Answers
Cephalopods dwell in ___. a. ponds b. oceans c. lakes d. rivers
Weegy: While you may not have heard of the term cephalopod, you have probably heard of at least a couple of the animals ...
2/26/2015 7:17:50 AM| 2 Answers
How can one receive fundamental rights? a. born a citizen c. ...
Weegy: who are you looking for? User: abolished national origins quotas Weegy: The Hart-Celler Act abolished the ...
2/26/2015 7:54:13 AM| 2 Answers
Weegy Stuff
S
1
L
1
L
P
P
L
P
P
P
Points 1067 [Total 16849]| Ratings 0| Comments 1067| Invitations 0|Offline
S
L
P
L
P
P
Points 1047 [Total 7822]| Ratings 0| Comments 1047| Invitations 0|Offline
S
P
C
L
P
L
1
Points 621 [Total 7301]| Ratings 4| Comments 581| Invitations 0|Offline
S
Points 572 [Total 911]| Ratings 5| Comments 522| Invitations 0|Offline
S
1
L
L
Points 421 [Total 7487]| Ratings 1| Comments 411| Invitations 0|Offline
S
Points 201 [Total 346]| Ratings 1| Comments 191| Invitations 0|Online
S
Points 149 [Total 169]| Ratings 0| Comments 149| Invitations 0|Offline
S
Points 91 [Total 91]| Ratings 0| Comments 91| Invitations 0|Offline
S
Points 47 [Total 47]| Ratings 0| Comments 37| Invitations 1|Offline
S
1
L
1
Points 31 [Total 3441]| Ratings 3| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.