Why You Should Always Pay More on Your Credit Card than the Minimum Payment

If you have a credit card that carries a balance, it can be tempting to just make the minimum payment each month. However, this is actually one of the worst moves you can make with your credit card. Here are some reasons why you should always pay more than the minimum on your credit card:

First and foremost, paying only the minimum amount due on your credit card will cause the debt to accrue interest over time. This means that if you keep up with making only minimal payments, what started as an affordable purchase could end up costing significantly more in the long run due to interest charges and fees. Furthermore, since most cards have higher rates for cash advances or purchases made outside of certain areas, staying current with larger payments can prevent these types of charges from accumulating quickly and sending you into debt even faster.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706