Credit card minimum payments doubling

Toward the end of 2005, many of the credit card companies began increasing minimum required monthly payments. In many instances, the payments doubled. See here and here for more information. I noticed that quite a few clients during the first six months of this year were forced to consider bankruptcy because of the minimum payment increase. I’m curious how much the payment amounts have actually gone up for others in the Fresno area. If your monthly minimum payments have gone up, please post a comment stating the percent your minimum payments increased.

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