I make only the minimum payments on my credit cards.
"But I had reached a point where we weren't even able to make the minimum payments."
To meet the minimum payment the state requires to the private schools, the district would have to spend $4.6 million.
And all of a sudden you don't make your minimum payment.
According to the results, released on Tuesday, 24 percent were making only minimum payments.
Because many students want to make only the minimum payments, parents should show them how long it would take to pay off the debt.
For instance, they used to keep minimum payments relatively high.
The lower the minimum payment the less people pay off each month and the longer they stay on the hook.
I could not meet the minimum payment on my credit cards after a while.
The problem comes at the end of the month, since it is much easier to make the minimum payment than pay the full balance.
