The young Argentine admitted that he had to find another source of income to pay off the accumulated debts. “I’m going to start a business,” he said.
October 11, 2025 – 17:21
It went viral on TikTok and other social networks after a young woman revealed that: Even though I paid the minimum amount on my credit card, I am no longer able to pay off my debt in full.
“I’m embarrassed to talk about how much money I owe on my credit card. I don’t know how it happened. Between ‘I deserve it’ and ‘God will provide,’ plus the financial education I didn’t receive in school, it was like that.” “One day I made a decision and was sentenced to financial life.”, the young Argentine began.
A young Argentinian woman made the minimum payment on her credit card and this is her reaction
And he elaborated: “I have the theory, but the practice was difficult for me. I don’t pay the bare minimum.”. You must take responsibility for your decisions. So, I’m going to start working on something else apart from work. Since you sent it to yourself, you should receive it. “I’m thinking of starting a business or something.”
“I reveal, Because I feel like we’re all in it. In the same way, we all vibrate within. same tone as what was done You can do with what you have, and yes, we We send financial errors, yes, yes, what are you going to do me too I regret itoh you have to face it And it will move forward. I mean, I know That we move forward. No no, that’s it I don’t doubt it. It may take some time, but I understand. We are all going to move forward,” he concluded.
Why paying the minimum is a bad deal
Making only the minimum payments on a bank-issued credit card will not reduce your debt. It just prevents you from defaulting. Unpaid balances are financed at very high interest rates, so your debt will remain largely intact even if you make monthly payments.
That unpaid balance accrues interest every month, and if it repeats, it will snowball. To summarize a few things: Even if you pay on time, your repayments may increase.
What’s more, if you find yourself in this dynamic, you’ll be stuck in debt forever. It reduces your purchasing power and limits you financially. Additionally, if the minimum amount is not met for any month, higher interest rates will apply. Therefore, making only the minimum payment is one of the worst deals you can make with a card.
Regarding the interest that banks apply on unpaid balances, The range is 120% to 200% per year.
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