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What happens if you pay less than the minimum on your credit card?

Paying something toward your credit card bill may seem better than doing nothing, but it comes with consequences.

Coverage (1)+1 copy· Sep 17, 6:56 PM

Commerce Economy

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CBS News· Sep 17, 6:56 PMWhat happens if you pay less than the minimum on your credit card?Also ran in NewsBreak

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Since

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Chubb $30M Claimed After Insurers Lose Fight Over Coal Silo CollapseA West Virginia federal jury has ordered two Chubb insurers to pay $30 million to a coal mining company after finding that the insurers mishandled its claim following the collapse of a silo hopper. The verdict awards Ramaco Resources LLC $2.5 million for corporate aggravation and inconvenience and another $27.5 million for net economic losses Chubb $30M…

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Irving couple convicted in $9.5 million investment fraud schemeAn Irving couple was convicted in federal court of conspiring to commit wire fraud after prosecutors said they defrauded more than 700 investors of at least $9.5 million.

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