I dont think there's any long term impact other than the high probability of the other creditors knowing your might be in trouble and closing down your accounts.
If possible try to pay more than the minimum and don't use 50% or more of the available line on your other accounts.
A true story.
My Uncle and I go hunting together and we use his cabella visa card to make purchases so to simplify cost sharing.
He added my name to his account as a jjoint accountholder. Credit line was only $1500.
Several months later turns out my Uncle's son had been maxing his Discover card and making minimum payments.
Cabella somehow found out about this and sent my uncle a letter explaining that due to his recent high debt and low credit scores they will be decreasing his line of credit to $750. From $1500 to $750.
When I found out about this I contacted my uncle right way to take my name of the joint account. He gladly did it.. Cabella sent a form to sign to "request" removal of my name from the joint liability. Well turns out that things could have happened at a worse time. When he made the request it required the account to be reviewed before approval of removal. A week later Cabela sent a letter that his account has been closed but the debt on the account can still be paid off. So on his CR and my CR both show account closed by credit grantor and showed a debt balance of a couple hundred dollars. I finally took care of the debt and the account finally reflected a $0 balance.
Bottom line is making minimum payments can impact underwriting decision if you initiate contact with creditors.
Discover IT $19,000 == 12/2013
AMEX 12/2013 ---BCP $12,000 === BC $23,000 ----- 04/2014
CHASE SLATE $5,700 === 12/2013
BoA 123 $6000 === 12/2013
Barclay Rewards $1500 == 12/2013
