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Increased min. CC payments

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haulingthescoreup
Moderator Emerita

Re: Increased min. CC payments


@Anonymous wrote:

Drown now or drown later- we need to quit running our households like the government budget.



Post of the day, unfortunately!
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 11 of 12
moonman
Frequent Contributor

Re: Increased min. CC payments


@Anonymous wrote:
Correct me if I recall incorrectly... But didn't they already raise minimum payments from 2 to 3% about 10 years ago?



it was about 10 years ago when the credit card industry campaigned and approved the minimum payment because it was the beginning of the bankruptcy movement in congress because of credit card debpt.
Message 12 of 12
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