Credit Card Minimum Payments

Smale, Pauline

Library of Congress. Congressional Research Service.

关键词: Finance;    Consumers;    Credit cards;   

RP-ID  :  RS22352
RP-ID  :  RS22352_2005Dec21

美国|英语

来源: UNT Digital Library

【 摘 要 】

Recently, credit card issuers began adjusting their minimum payment formulas, raising the amountof the required monthly payment. Congress has focused on the need to increase consumer awareness of the financial jeopardy that can result from paying only the required minimum. This report provides an overview of the issues and congressional action. It will be updated as events warrant.