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
17,446,296 questions answered
Popular Conversations
1/4 + 2/3
9/19/2014 10:26:27 PM| 3 Answers
what is 1/6 as a percent
9/19/2014 7:23:49 AM| 2 Answers
What type of sedimentary rock is rock ...
9/19/2014 7:56:16 AM| 2 Answers
Major newspapers and magazines provide the president this medium for ...
Weegy: The answer is A. Class A mandates. The first group or Class A mandates were communities formerly controlled by ...
9/19/2014 9:13:56 AM| 2 Answers
As waves repeatedly hit a beach, some of the beach sediment moves ...
Weegy: As waves repeatedly hit a beach, some of the beach sediment moves down the beach with the current, in a process ...
9/19/2014 10:02:48 AM| 2 Answers
Find the predicate nominative(s) in each sentence. They are two of ...
Weegy: They are two of the best skaters in our town. Predicate Nominative: D. SKATERS. User: Find the predicate ...
9/19/2014 10:13:47 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 2133 [Total 26531]| Ratings 4| Comments 2093| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1931 [Total 8462]| Ratings 8| Comments 1851| Invitations 0|Online
S
L
C
P
C
1
L
L
P
C
1
Points 1586 [Total 17525]| Ratings 12| Comments 1466| Invitations 0|Offline
S
L
1
1
1
1
L
1
L
Points 1583 [Total 11363]| Ratings 0| Comments 1583| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1509 [Total 18681]| Ratings 5| Comments 1459| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 602 [Total 11848]| Ratings 0| Comments 602| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 530 [Total 19061]| Ratings 1| Comments 520| Invitations 0|Offline
S
L
Points 491 [Total 1161]| Ratings 0| Comments 491| Invitations 0|Offline
S
1
L
L
Points 421 [Total 5545]| Ratings 4| Comments 381| Invitations 0|Offline
S
Points 64 [Total 64]| Ratings 2| Comments 34| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.