Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
LLCEE

0 Contributions
0 People Helped
How is my credit affected if I only pay the minimum balance on my card?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
2242 Contributions
3957 People Helped

The on-time payment is exactly

What needs to happen. 

But what the lendersreally like about borrowers like you will be the minimum payments.  

You are paying the most interest of any type of lender. They can count on you for long term income. 

My goal is to pay the least in interest so Every card I have is paid off in 4 payments or less. If it can't paid it off in 4 months, It shouldn't be put on credit. Long term debt shouldn't be on credit cards. Look at those pay off dates on your statement. 

Good luck

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.