Mathematics, 24.10.2021 17:10 mallorytaylor279

Why is it more difficult to get out of debt when only paying the minimum payment? Your entire minimum payment goes toward principal and the interest continues to compound.
The majority of your minimum payment is going toward interest and finance charges and only a small amount toward the principal.
Your credit limit always resets, so you have a lot of spending power each month.

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Can anyone please help me and don't put stupid answers to get the points