Why is it important to avoid the minimum monthly payment, Finance Basics

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Why is it important to avoid the minimum monthly payment

Question: 1. Why is it important to avoid the minimum monthly payment trap?

2. Grayson just received his credit card statement. He noticed a charge for $40 to a store he has never patronized. What steps should he take to handle this?

3. If Joshua paid the $500 in 12 equal monthly payments, what is the APR?

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Finance Basics: Why is it important to avoid the minimum monthly payment

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Finance Basics: Why is it important to avoid the minimum monthly payment

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