Guided Path
If you are making minimum payments but the balance is barely moving, this path explains why and what to look at next.
Use these steps as a learning route. They are educational only and do not replace regulated financial advice.
A minimum payment may keep the account up to date, but interest can take a large part of the payment first.
Estimate how long the balance could take to clear if payments stay low.
Even a small increase may reduce repayment time and total interest.
If this does not match your situation, go back to Start Here and choose a different route.