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When it comes to credit cards, the term ‘minimum payment’ is often used as a marketing ploy, promising customers that a seemingly small, manageable monthly payment will keep them in good standing with lenders.
Source: ctv business
What you need to know about minimum payments on credit cards
Direct Loan Canada is a Canadian-based company specializing in loan capacity analysis and personal loan endorsement. Our goal is to find personal loans for our clients, regardless of the status of their credit report, by guaranteeing a discreet and professional service. In addition, we deal exclusively with lending companies having the required permits and in compliance with the law. With Direct Loan Canada it's fast and easy!