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4. Why is it more difficult to get out of debt when only paying the minimum payment? 5. Your entire minimum payment goes toward principal
4. Why is it more difficult to get out of debt when only paying the minimum payment? 5. Your entire minimum payment goes toward principal and the interest continues to compound. b. The majority of your minimum payment is going toward interest and finance charges and only a small amount toward the principal. The video advises you to "be a deadbeat". What does that mean? Pay your credit card bill in full and on time every single month, thus paying no interest or lees. Make the minimum payment on your credit card on time each month. a. b. Your credit limit always resets, so you have a lot of spending power each month. C. Never open a line of credit so the credit card companies do not make any money.
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