pp credit minimum payment question

strikerx182
Contributor
Contributor

If i pay below the  minimum payment

say min pay is $15

and i pay $10

Does that get credited and minimum payment drops to $5 until the next cycle? Or do i still need to pay $15 as i paid below what min is....

thanks

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2 REPLIES 2

Quandary
Advisor
Advisor

Suggest not paying less than the less than the minimum amount due.  You have consented to an agreement that you will pay the minimum amount due.  If you don't you will probably be charged a late fee even if you make your payment on or before the due date.

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DPCreations
Frequent Advisor
Frequent Advisor

If you pay less than the minimum required payment, then your payment will be delinquent.  You may have a penalty charge and I think your accrued intrest will be addedit.  It will become expensive you will be a negative factor for future credit.

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