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Why Minimum Payments Keep You in Debt for Decades
A minimum payment is designed to keep the account open, not to clear it. Here is what that costs in real numbers.
5 min read· 14 August 2026
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How I Cleared My Debts provides educational information, organisational tools and estimates. It does not provide personalised financial, legal, tax or regulated debt advice. Results depend on the information you enter and may not reflect lender calculations. If you are struggling with priority bills, legal action or unaffordable repayments, contact a qualified free debt-advice organisation in your country.
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