Henry had a balance of 195 on his credit card bill, but he only paid the minimum payment of 15. All of the following are true EXCEPT: Henry avoided paying late fees Henry will still owe 180. plus interest, which will be incorporated into his next billing statement Henry avoided paying Interest by making a payment on time Henry helped mittgate the damage to his credit score, even though he couldn't make the full payment

To determine which statement is not true, let's analyze each statement given the information that Henry had a balance of $195 on his credit card bill and paid the minimum payment of $15.<br /><br />1. **Henry avoided paying late fees**: This statement is true. By making any payment on time, Henry avoids late fees.<br /><br />2. **Henry will still owe $180 plus interest, which will be incorporated into his next billing statement**: This statement is true. After paying the minimum payment of $15, Henry will still owe $180 ($195 - $15). This remaining balance will be subject to interest and will appear on his next billing statement.<br /><br />3. **Henry avoided paying interest by making a payment on time**: This statement is not true. While making a payment on time helps mitigate the damage to his credit score, it does not avoid paying interest on the remaining balance. Interest will still accrue on the remaining $180 balance.<br /><br />4. **Henry helped mitigate the damage to his credit score, even though he couldn't make the full payment**: This statement is true. Making any payment, even the minimum, helps mitigate the damage to his credit score compared to not making any payment at all.<br /><br />Therefore, the statement that is not true is:<br /><br />**Henry avoided paying interest by making a payment on time.**