Minimum Payment Due

How is the minimum payment calculated?

Once you link your debts to Stretch Financial Wellness®, the liability (debt) holder shares the information regarding your minimum payments due.

This information may be calculated differently by each liability account holder, but includes a combination of factors like the total balance accrued during the statement period as well as the interest rate.

We recommend that you read the terms and conditions associated with each debt and financial institution to understand exactly how the minimum payment is calculated.