If you are the only one pay the minimum of your credit card debes saber that it is a practice that can result counterproductive for your personal finances and here we explain about the negative consequences that could happen.
The first thing that debates are clear is that the minimum payment is a small amount, compared to the total of your monthly payment, which you cover the bank for which you can maintain your credit, pay this small amount of money to avoid being ostracized by your Credit Bureau.
Credit cards the main reason to appear in Credit Bureau | Image: Pixabay
Now, let’s start with the bad news, then to make this payment only subscribe to a minimum amount of money to your debt, because the poor will be much longer in liquidation in total; consider that, is not a bad practice but is recommended only in exceptional cases and not as a habit.
Agreed with the National Commission for the Protection and Defense of the Users of Financial Services (Condusef), pay the minimum of a monthly rate as a malpractice, although in appearance does not affect your historical credit.
Tien presents that only the minimum payout increases, in a manner considerably, the amount of which debits and raises the total payout period, then with this form of payment are subscribing to a small part of the capital, and that the mayor shares the interests generated during the month.
The minimum payment on the credit card can be considered a bad practice || Source: Pixabay
Finally, you should mention that if at this moment you find yourself in a complicated financial situation, you can consider the minimum payment as an alternative to not lose your credit line or to miss your historical credit.
Okay, if you consider that it takes a lot of time before you can pay higher amounts, the better it is restructure tu deuda and other searches are credited to those who are less interested.
Geen olvides que si tienes más dudas sobre credit or historical credit can follow the channels of Oink Oink where you will find related content to all the days.