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Business, 04.07.2019 06:00 elviaortiz402373

1. select the most likely outcome of making only on-time minimum payments to a credit card with a balance for an entire year? your credit score will suffer because making minimum payments doesn't count as an on-time payment for the 'payment history' portion of the credit score. the credit card will reward you with a lower interest rate once you've made 12 consecutive on-time payments. your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago. making 12 on-time minimum payments means that your credit card is completely paid off.

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