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If one day I decided to just pay the minimum payment on all of my bills for the rest of my life, what's the worst case scenario?

Asked by BoyWonder (811points) November 21st, 2008

Lets say I just decided to keep my bills piling up but only pay the exact minimum on time, what’s the worst that could happen? I mean, we’re going to be in debt no matter what for the rest of our lives anyway, so what’s the point in struggling to pay the full amount?

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