A credit card user's credit rating will be harmed if she pays only the minimum monthly payment on a credit card.

Name: A credit card user's credit rating will be harmed if she pays only the minimum monthly payment on a credit card.
Brand: Quizplus
Rating: 4.9 (26 reviews)

Question

Quizplus · Accepted Answer

Paying only the minimum monthly payment does not directly harm a credit rating, but it can lead to higher debt levels and interest charges, which may indirectly affect credit scores if not managed properly.

A Credit Card User's Credit Rating Will Be Harmed If