A record number of consumers are making minimum credit cards payments as delinquencies also rise

submitted by return2ozma@lemmy.world

www.cnbc.com/2025/01/22/minimum-payments-on-cre…

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3 Comments

✅ drain everyone’s bank account with higher prices.

If you use a credit card, pay if off every month. 20%+ interest rates are no joke.

Clearly we do not have a system where that's as easy as it sounds.