"But I had reached a point where we weren't even able to make the minimum payments."

And all of a sudden you don't make your minimum payment.

I make only the minimum payments on my credit cards.

Because many students want to make only the minimum payments, parents should show them how long it would take to pay off the debt.

For instance, they used to keep minimum payments relatively high.

I could not meet the minimum payment on my credit cards after a while.

To meet the minimum payment the state requires to the private schools, the district would have to spend $4.6 million.

The lower the minimum payment the less people pay off each month and the longer they stay on the hook.

According to the results, released on Tuesday, 24 percent were making only minimum payments.

This makes the minimum payment even lower than a comparable 30-year term.

The problem comes at the end of the month, since it is much easier to make the minimum payment than pay the full balance.

The option to make a minimum payment is usually available only for the first several years of the loan.

Two months after the first glitch, a minimum payment of £26 was required.

Another symptom is automatically making only the minimum payment due each month.

"Start making the minimum payment on everything," she said.

But, over time, companies started lowering minimum payments, sometimes to just two per cent of the balance.

We wondered how long it would take, assuming minimum payments at the end of every month, to pay off that $2,000 balance.

The most important factor they consider is whether an applicant made all of the minimum payments as agreed.

This method could instead lead to problems for those who are struggling to meet these minimum payments demands.

The contribution, however, was a matching gift, with no minimum payment required.

If you do pay more than the minimum payment, be sure to make these payments to your loan with the highest interest rate first.

Has to tell you how long it will take to pay off your balance if you make only minimum payments.

Since then, she said, she has rarely made more than minimum payments.

It's OK to make minimum payments on a credit card.

The borrower may be required to make a minimum payment, based on the balance amount.