payments Archives - PoorCreditRepair.com

Credit Card Debt: The REAL Cost of Minimum Payments

December 10, 2023December 10, 2023 by Monetary Maestro

How much you actually pay when making minimum payments is shocking

Today we are going to look at a practical example of why you should always make more than the minimum payment on your credit cards. I am going to show you how dangerous it is to rack up credit card debt and how tough it is to climb out from it if you only make … Read more

How Credit Card Companies Make Money

December 7, 2023 by Monetary Maestro

Learn how credit cards work and how credit card companies make their money

Banks, or as they are known in the industry as “card issuers” make money through a variety of ways. Let’s explore how these issuers make money, how they keep you in debt, and why you should always try to pay more than the minimum on your credit card payments. How Credit Card Companies Profit In … Read more