Posts Tagged ‘overpayments’

Overpaying on credit card minimum payments

Posted on: February 15th, 2013 by Kenneth Long No Comments

(Ask a Question) Why does overpaying one month not reduce my minimum payment for the next month? When I paid $50 more than the minimum payment, the next month’s payment was almost the same ($4 cheaper). Why does the monthly payment not drop by more since I basically paid a big chunk of it early. (more…)

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