Minimum payments on credit cards are rising

By on January 27, 2009 in Credit, credit card, interest rate, Minimum Payment

This is an article from bankrate.com showing that the average consumer is now making the minimum payments on their credit cards.

I will be adding a post after this one discussing the impact of making the minimum payments.

This might be worth taking a look:

http://www.bankrate.com/brm/news/debt/20050503a1.asp

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One Response to Minimum payments on credit cards are rising

  1. Credit Crunch » Minimum payments on credit cards are rising January 27, 2009 at 10:17 PM #

    [...] Mortgage Information wrote an interesting post today onHere’s a quick excerpt This is an article from bankrate.com showing that the average consumer is now making the minimum payments on their credit cards. I will be adding a post after this one discussing the impact of making the minimum payments. This might be worth taking a look: http://www.bankrate.com/brm/news/debt/20050503a1.asp [...]

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