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Paying Minimum Amount Due on your credit card bill? Compounding interest spirals into MAD debt issues; explained

11 Aug 2026 · 11 Aug 2026

Many credit card users are falling into debt traps due to the Minimum Amount Due option. Misleading practices often occur without users' awareness, leading to unexpected charges and the loss of interest-free periods. 

This article was aggregated from LiveMint — Money. Continue reading for the complete story.

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