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#86532 - 08/28/06 10:49 PM Did you realize???
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
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!!!
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#86533 - 08/29/06 03:19 AM Re: Did you realize??? [Re: chatty lady]
jawjaw Offline
Da Queen

Registered: 07/02/03
Posts: 12025
Loc: Alabama
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

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#86534 - 09/11/06 02:15 AM Re: Did you realize??? [Re: jawjaw]
chatty lady Offline
Writer

Registered: 02/24/04
Posts: 20267
Loc: Nevada
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...


Edited by chatty lady (09/11/06 02:19 AM)
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