scorecardresearchWhy you should never pay the minimum payment on anything

Why you should never pay the minimum payment on anything

Updated: 08 Jun 2022, 07:49 AM IST
TL;DR.
Before we get into our reasons, let's define a minimum payment. Your credit card or instant personal loan statement may have two figures--the total amount due and the minimum amount due. The total amount due is the sum of all your monthly expenses. A minimum payment is a payment that is less than the total amount owed. If you are unable to make full payments, you can pay a small portion of the entire outstanding sum.
Chandigarh industrialists decried their exclusion from deadline extension for property tax payments with rebate. (HT File)

Chandigarh industrialists decried their exclusion from deadline extension for property tax payments with rebate. (HT File)