You should only pay the minimum amount because carrying a balance can improve your credit You should only pay the minimum because it's easier to pay a lower amount It is not a big deal if you miss a payment or pay late. You can pay next month Paying more than the minimum payment reduces your credit utilization (amounts owed makes up 30% of your credit score) Paying more than the minimum payment can you save money, pay less interest Paying more than the minimum payment will help vou pay off the deht quicker
You should only pay the minimum amount because carrying a balance can improve your credit You should only pay the minimum because it's easier to pay a lower amount It is not a big deal if you miss a payment or pay late. You can pay next month Paying more than the minimum payment reduces your credit utilization (amounts owed makes up 30% of your credit score) Paying more than the minimum payment can you save money, pay less interest Paying more than the minimum payment will help vou pay off the deht quicker
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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