Is paying the minimum better than paying nothing in Canada?
Missing payments without contact often leads to fees and credit-file marks under your agreement. Paying at least the minimum usually keeps the account current, but interest can still grow. Future rates depend on the lender and your file. A counsellor can help you plan. MiSalvo does not advise amounts.
Money
Plain answers to everyday money questions, with official links. Not advice.
*Salvo and Vault access require a subscription.