Comment l'utiliser
- Use the formula below with your own figures.
La formule
Minimum ≈ a small percent of the balance plus interest.
Exemple concret
Paying only the minimum can turn a small balance into years of debt.
Questions fréquentes
Why avoid minimums?
Most goes to interest, so balances barely fall.
What helps?
Any amount above the minimum shortens payoff sharply.
Conseils
- Pay more than the minimum — it changes payoff dramatically.
- Attack the highest-rate balance first to save the most.
- Stop adding new charges while you pay debt down.
Termes clés
- Minimum payment
- The smallest amount due each period.
- Utilization
- Balances divided by credit limits.
- Consolidation
- Combining debts into one loan.