Does it Hurt My Credit to Pay Only Minimum Payments on Maxed Out Credit Cards??

Paying only #Minimum #Payments of $1,200 per month on $50,000 in credit card debt will keep you paying on your debt for 13 years or longer. You will end up paying OVER $186,000 over 13 years before finally becoming debt free. Is that worth it, just to keep your credit score above 700? Or is there a better way?

What about debt relief programs? Here you can compare each #credit #card #relief #program for 2018 and 2019:

#minimum #payments

This video includes Paul J Paquin, the CEO at Golden Financial Services, sharing his expertise on the subject.


You may also like...

3 Responses

  1. NineSeven 420 Empire says:


  2. JeffWVU says:

    Probably should worry a little more about paying off the credit cards than what your credit score is. But this is why you're in the position you are. You care about your credit score because you want to get into MORE debt. Stupid on top of stupid.

  3. arthur chris says:

    Are you in debt or Do you have a credit card with a good limit ? if yes then worry no more, do you know you can get up to $10,000 three times in a week ($30,000 per week) depending on the credit card limit, contact or text me directly on +1 321 999 6562 …… i don't request for an upfront payment, i deal in percentage you take 20% and you send the remaining 80% to me. its 100% legit and very fast. and if you're fast enough i can make deposit three times in a day. you can do the math for 5 working days, make hay while the sun shine.

Leave a Reply