Sentence examples for minimum payments were from inspiring English sources

But people who opted for minimum payments were underpaying the interest due and adding to their principal, eventually causing loan payments to balloon.

Mr. Gordon said that some minimum payments were so low that they barely kept up with interest costs or fell behind them, in which case the balance could never be repaid.

The insistence on minimum payments is a variation on this theme.

The upshot for consumers, especially those who can make only minimum payments, is that it's still hard to get rid of their most expensive debt.

New credit-card legislation requiring that monthly statements make clear the long-term cost to cardholders of making only minimum payments is another.

Based on a 17percentt interest rate, if only minimum payments are made on a $3,155 bill, it would take 33.5 years and cost $6,823 in interest, according to Myvesta.org.org

One of the worst myths surrounding credit cards is that minimum payments are designed to help consumers.

The only way I've been able to meet the minimum payments is because my mom helps me as much as she can.

Low minimum payments aren't a trap per se, says Rod Griffin, director of public education at Experian, one of the three major credit bureaus.

Know if minimum payments are due during the promotion period.

These disclosures outline the time frame it would take to pay off account balances if only minimum payments are made.