Home-How to get people to pay their credit card bills faster

How to get people to pay their credit card bills faster


The answer is obvious, but the psychology behind it is interesting...

http://timesonline.typepad.com/comment/2008/11/one-way-of-incr.html

I suspect if there was no minimum payment then a lot of people would be in more debt than they are now.

Yes, I don't follow the logic of that proposal.
If you take away mimimum payments, what's to stop people deciding to max out their cards and then pay off 10p a month for life (for example)??

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