kayg04
kayg04 kayg04
  • 04-03-2019
  • Business
contestada

What statement about minimum payments is incorrect

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MsTeel
MsTeel MsTeel
  • 07-03-2019

"If you send in the minimum payment, you will be charged a late fee."

This is an INCORRECT statement, because  you will not be charged a late fee just for making the minimum payment. Minimum payments are not a good idea because you will be charged interest on the remaining amount and will have a harder time paying off the balance, but you will not be charged a late fee.

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