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Minimum Payment Trap Calculator
See the shocking truth about minimum payments and how much you can save by paying just a little extra
Warning: Credit card companies set minimum payments low on purpose. Paying only the minimum can take decades and cost thousands in interest!
$
%
Check your statement - usually 18-29%
%
Typically 1-3% of balance, minimum $25
$
Even $25 or $50 extra makes a huge difference!