Sentences with phrase «minimum payments on a credit card seems»

Making minimum payments on a credit card seems like a way to spend the least amount possible, but interest charges pile up and it can take decades to pay off a credit card by making minimum payments.

Not exact matches

While $ 40 might not seem like a huge repayment amount, it is more than the minimum payment for many credit cards and on top of automatic payments could save you a lot of money on interest.

Interest stops building upon accepted proposals from the date you file your consumer proposal, making it possible to see real progress, reduction in your already «reduced» debt with each payment made — in like amount to the actual consolidated, monthly payment made — unlike what you previously experienced with minimum payments on your credit card that never seemed to reduce the balance owing, leaving you more despondent with each passing month and year.

However, if you put it on a credit card, and have a relatively low minimum payment, all of a sudden, that $ 5,000 seems affordable.

The minimum payment on a credit card makes something that would normally be out of reach seem manageable.