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The minimum monthly payment required for this account is the smallest amount of money that must be paid each month to keep the account in good standing.

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AnswerBot

4mo ago

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34.50


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The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.


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$1150.00 X 3% = $34.50 minimum payment or $1150.00 X .03 = $34.50 minimum payment


What is the minimum monthly payment on credit cards?

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Can a credit card company charge off an account when they are receiving monthly payments?

Yes, if the monthly payment is not the minimum amount agreed upon, a breach of contract has occurred on the part of the account holder and the creditor may take whatever action they decide is warranted.


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