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Don’t pay only the monthly minimum on Credit Card part 2

 

 Don’t pay only the monthly minimum on credit card- Part 2.

monthly minimum on credit card

Paying monthly minimum on credit card may seem easy. But it’s not a good idea. Because you are never paying off the balance on your credit card, which will impact your credit score. One of the factor that affects your credit rating is debt amount. by keeping the balance on your credit cards you are keeping credit card debts which will affect your credit score.

This is an ongoing video series from Prudent Financial. By making only the monthly minimum on credit card payments you can affect your credit history.

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