The minimum-payment trap: Why $200 a month barely dents your credit card debt

Credit card debt payoff timeframes depend on your balance and interest rate, but paying more than the minimum each month is always recommended.

The minimum-payment trap: Why $200 a month barely dents your credit card debt

Credit card debt payoff timeframes depend on your balance and interest rate, but paying more than the minimum each month is always recommended.

This story was originally published by Yahoo Finance. Use the link below to read the full article at the source.

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