Give Now

Minimum Payments

Making minimum credit card payments?

If you are making minimum payments, the lowest required payment shown on credit card statements, it can help preserve cash, but it’s expensive, limits freedom, and creates stress. 

Call your lender, assure your desire to pay, and negotiate better terms. If you have a decent credit score, you can transfer the balance to a low or no-interest card, though you may be charged a percentage of the balance and you’ll be penalized for late payments. Proverbs 22:7 says, “the borrower is a slave to the lender.” So make minimum payments only temporarily, then make a plan to pay off your entire balance.

 For help becoming debt free, download our free course“5 Steps to Debt-Free-Living” at