Credit Card Minimum Payments

[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.

[发布日期] 2005-12-21 [发布机构] Library of Congress. Congressional Research Service.

[关键词] Finance;Consumers;Credit cards