The Red Side · interest against you
The Debt Trap
Flip compounding around and it works against you. Carry a credit-card balance and interest piles onto interest you already owe.
Your car dies. The $1,400 repair goes on a card at 24.99% APR and you 'just pay the minimum.' Watch what 'for now' actually costs.
Minimum payments are designed to keep you paying. Most of each one is interest — the balance barely moves.
Minimum payments mostly feed the bank. The same compounding that builds wealth can quietly bury you.
Here's the way out →