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Sneaky Ways Credit Card Companies Keep You In Debt

She's On The Money

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The Minimum Payment Trap

The minimum payment trap. It is a trap. And ultimately, let's be honest, lots of people only pay the minimum amount. If I'd extrapolated that out, it would have taken me 46 years to pay off that credit card. How do we fight that? I feel like it's a privilege to say, pay off your entire credit card. Sure. So nice if you can, but pay more than the minimum. That will put you miles ahead in terms of getting out of debt and staying out of debt.

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