Minimum due trap in credit card Telugu #minimumpay #creditcardtips #personalfinance

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Добавлено 5 месяцев назад от mr.myxa

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Paying only the minimum amount due on your credit card might seem convenient, but it comes with significant consequences. Learn about the compound interest charges of up to 4% per month on the remaining balance and how it can affect your CIBIL score. Stay informed and manage your credit card debt wisely!

Why Watch This Short:
This short video explains the critical impact of paying only the minimum amount due on your credit card, including high-interest charges and the negative effect on your credit score. It's essential viewing for anyone looking to understand the true cost of carrying a balance on their credit card.

Short Contents:

Explanation of minimum due payment
Consequences of paying only the minimum due
How compound interest of up to 4% per month is calculated
Impact on CIBIL score
Tips for managing credit card debt

#CreditCard #FinancialAdvice #CreditScore #CompoundInterest #DebtManagement #PersonalFinance #CreditCardTips #CIBILScore #InterestCharges #FinanceTips

Keywords:
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impact on CIBIL score
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