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Credit Card Minimum Payments
Louiseco
Posts: 2
Newbie
I have been looking at a friends credit card statement as they are having trouble paying it off. The minimum payment comes out by direct debit. Is it legal that the minimum payment is less than the interest charged for the amount outstanding?
0
Comments
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You might find this MSE article helpful
https://www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card0
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