They keep you up to date on your bill, putting forth to you the fa?ade that you are budgeting your money situation, they are the dreaded minimum payment scandels, not a smart method to get out of debt debt settlement is better. Once you get on the track you have got a long road to look forward too. Minimal payment schedules are set up to have debtors paying for more than thirty years. This is right where the creditors would like you, a spinning consumer for a very long time. This is how the credit card companies maintain such high profits.