Credit Card Minimum Payments 8 June 2018 at 11:32AM in Debt-free wannabe challenges 1 reply 844 views

Louiseco

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?

DrSqueeze

You might find this MSE article helpful



https://www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card