Did you realize???

I nearly died when hearing this....If you have a credit card with a $5000.00 balance and they charge you 22% interest monthly and you pay a minimum payment of $100.00 per month, (are you sitting down?) that $87.00's of that hundred dollar payment goes for interest and it would take thirty years to pay it off. Now I remember why I carry one credit card and the money is deducted immediately from my checking account. Lord have mercy!!!

yep Chats...you might want to add this under the "finance" post so other's reading there can see it because this is an eye opener! JJ

Okay I will. Wait a minute this is under Finances. Well, no wonder bankrupcy has gone wild in the world. There is no way anyone can handle multiple credit cards, utilities, gasoline and Insurances and a mortgage, not to mention some of us like to eat...