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Cutting Credit Costs: Pay More than the Minimum

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Author and Contributors: Bowen, Cathy (6 more by this author)
Publisher: The Pennsylvania State University
Review Level: Informal review
Primary Content Area: Parent/Family
Content Type: General Information
Audience: Professionals, Educators & Program Staff
Resource Type: Not an extension nor a land-grant developed resource
Keywords: credit, credit cost
Description: The effect of paying only the minimum payment listed on a monthly credit card statement on the total repayment period and total finance charges paid are illustrated. Rules of thumb regarding annual percentage rates are also included.
Media Type: PDF - Portable Document Format
Resource Listed: November 17, 2011
Resource Last Updated: November 17, 2011
Language: EN

Categories:

Parent/Family: Family Economics: Credit and borrowing