Credit Card Minimum Payment Increases

Comments

1. jaysmic24 said on August 28th at 9:38 am:

   so true..i started …
   so true..i started paying off 3x minimum few months ago on a CC and the minimum went down to a rediculous 10$/ mnth..YOU CANT EVEN BUY A LATTE WITH THAT! they want to slowly bleed the payments out of u its more profitable for them!!!

2. cityprof said on August 28th at 9:38 am:

   What a load of crap …
   What a load of crap. I had a $25,000 balance transfer at 4% interest per year with an automatic monthly payment of $450.00 per month. I’ve paid down $8,000 already. Now Chase wants to increase my monthly payment to $900.00 because they can’t raise the interest rate. This is an impossible situation for me. I’m livid. I’m filing a complaint with the FTC. A lot of good that will do since what Chase is doing is entirely legal. Still, I suggest that everyone complain to the FTC. It’s bait & switch.

3. solarisgalrocks said on August 28th at 9:38 am:

   LOL @ marquis!
   LOL @ marquis!

4. solarisgalrocks said on August 28th at 9:38 am:

   liar liar, pants on …
   liar liar, pants on fire. They increase your minimum payments AND raise your interest to 29.99% which they can easily do.
   Why do people like to lie? Stop lying to us already!

5. MarquisdeLafayett said on August 28th at 9:38 am:

   go ahead , hike my …
   go ahead , hike my rates , i stopped paying my credit card after maxing it out . and you the card companies can’t do jack to me because it’s UNSECURED DEBT haha , thanks for the free money … oh and my credit score that you warn me will go down , what good is it now eh ? the market is in FLAMES , credit is about to go out the door for the next decade … thanks for the xbox360 visa!

6. xvirg said on August 28th at 9:38 am:

   Years later now, …
   Years later now, has this policy of increased minimum payments had any affect on the overall debt we carry? Probably not. I would argue that the overall credit card debt has increased and will continue to increase regardless of any changes, either legally binding or voluntarily, the banking industry makes.

7. CREDITCARDSUPERDEAL said on August 28th at 9:38 am:

   Do you have a …
   Do you have a credit card?

8. tetchcyn said on August 28th at 9:38 am:

   credit card …
   credit card companies are like criminals. I decided to start paying off my credit card dedt in 8 month by paying $350 a month and 4 month later I saw my minimum payment drop to $15 form $150 . I’ts because they make more money if you always pay just a little at a time.

9. ChelyLasVegas said on August 28th at 9:38 am:

   Very helpful!

   …
   Very helpful!

   thankx Scottbilker for this video.

10. MichelleWritesSings said on August 28th at 9:38 am:

    Because it directly …
    Because it directly pertained to the issue? It was just the intro material? What part don’t you understand? lol

11. roboplege said on August 28th at 9:38 am:

    any reason for the …
    any reason for the first 1min20 of this clip? what a waste of time.

12. mahiaroha said on August 28th at 9:38 am:

    I found this video …
    I found this video to be very informative, it breaks down something that can be very complicated to understand in a way that is extremly user friendly. Great job!

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