Credit cards are the archetype of revolving credit, where the user can pay anywhere between the minimum and the whole shebang.
As mentioned earlier in the thread, they changed the laws about ten years ago so the minimum payments are bigger than they used to be, and the statements are more clear about where the customer's money is going and what they can do to stay out of debt... if they choose.
As mentioned earlier in the thread, they changed the laws about ten years ago so the minimum payments are bigger than they used to be, and the statements are more clear about where the customer's money is going and what they can do to stay out of debt... if they choose.