10/15/2026
Do you know how much that minimum payment actually costing you?
When you only make the minimum payment, the remaining balance can continue to collect interest, meaning you may end up paying more over time.
Over time, interest can add up and make it harder to bring down what you owe. Even small changes to how much you pay can make a difference.
The important part? Know what you owe, understand the terms, and make a repayment plan that works for your budget.
Have more questions? You can book a free financial counselling meeting with our expert counsellors through our website at
https://www.communityfinancialmb.ca/contact-us