Brian Cryer's Web Resources


1. Monthly Minimum Repayment (or Minimum Monthly Repayment). The minimum monthly repayment on a credit card.

The problem with paying off only the MMR on a credit card is two fold:

  1. The MMR is normally very low which means that what is being paid is mostly against the accruing interest and not the outstanding bill. This means that it can take a very long time to pay off the debt - typically years or decades, and over that time the total payments may be two, three or four times the original debt (YMMV).
  2. Credit cards typically only charge interest if any of the balance is left unpaid at the end of the month. Thus by paying the MMR the credit card company is entitled to charge interest. It is normally better (if you are able to afford it) to pay off the entire balance at the end of each month.
2. Measles, Mumps and Rubella (vaccine). A combined vaccination given to children to protect them against measles, mumps and rubella. MMR is typically administered in two doses, the first at 12-15 months and the second at 4-6 years.

For more information see: