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
fawnwilson

0 Contributions
0 People Helped
on a recommended credit card, where it says monthly paydown is that what the payment will be?
credit karma, recommended a credit card for me, i want to know what it means when it shows monthly paydown? is that mean thats what the minimum monthly payment will be on the card if i apply for it? if not what does monthly paydown mean?

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
1 Contribution
0 People Helped

user

Helpful to 0 out of 4 people

 In general, Paydownalso refers to repayment of any outstanding loan. It could mean paying down a car loan,credit card debt, school loan or any other type of debt.

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.