Why is it more difficult to get out of debt when only paying the minimum payment on a credit card?

see below

Explanation:

A credit card balance represents a debt a customer owes to the bank or card provider. Like other types of credit, the lender will first pay themselves by charging interest from the payment received. By making a minimum balance of a credit card, a huge percentage of the payment will settle interests. It means the customer is not paying to offset their debt.

Every month, the balance amount will be outstanding and earning interest. Since the customer is only paying the minimum balance, the debt will remain, which makes it hard for them to get out of the situation.

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