Credit Card Minimum Payments
Options
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
-
You might find this MSE article helpful
https://www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173.1K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards