Minimum payments can look calm while the balance barely moves. Put in the balance, APR and payment plan to see the debt-free date, interest cost and how much faster a fixed payment can work.
2 routesMinimum vs fixed payment
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First 12 months
How the balance starts moving
Month
Payment
Interest
Balance left
Use it sensibly
What this does and does not tell you
Use this when
You can afford at least the contractual minimum and want to compare a fixed repayment plan against drifting with minimum payments.
Pause and get help when
The minimum payments are already unaffordable, you are using new credit to pay old credit, or priority bills are being missed.