We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Ending Minimum Payment on Credit Cards
johnbfan
Posts: 236 Forumite
in Credit cards
My OH says yesterday he heard on the news that credit card companies are going to end the minimum payment thing.
Thats all he caught.
Can't understand, if this is right, how it will work. Surely a minimum is needed. Will it be a case of they set the amount and thats it.
Anyone else heard this?
Thats all he caught.
Can't understand, if this is right, how it will work. Surely a minimum is needed. Will it be a case of they set the amount and thats it.
Anyone else heard this?
I'm stressed enough over this - please don't add to it.:eek: 
0
Comments
-
Maybe it was something along the lines of "minimum payments can cause never ending debt" or something like that?0
This discussion has been closed.
Categories
- All Categories
- 347.1K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.7K Spending & Discounts
- 239.3K Work, Benefits & Business
- 615.2K Mortgages, Homes & Bills
- 175K Life & Family
- 252.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards