Making the minimum payment keeps your account current, but it isn’t a debt payoff plan. When only the minimum gets paid, interest keeps building on the balance, and more of every payment goes to borrowing costs instead of what you owe.

Your statement already shows how long repayment could take on minimum payments alone. This week, open it, find that warning, and compare the repayment timelines and interest costs. If your budget allows, pay more than the minimum.

The goal is to reduce how much of your future income is already committed to yesterday’s purchases.

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⚠️ For educational purposes only. Not financial advice.

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