Most people donâ€t understand minimum payments and how they work. You might focus on simply paying the minimum requested amount every month on time to help your credit score, but what you donâ€t realize is that you will keep paying interest on the remaining balance. As an example, if you owe $2,000 on your credit card with 18% annual interest and a 3% minimum balance. If you only pay the minimum amount due, you may spend more than a decade trying to pay off the debt. Try to pay off as much on credit cards for bad credit easy approval as you can each month.