If you charge $1,000.00 on a charge card this Christmas, never used it after and only paid minimum payments, it will take you until the year 2021 to pay it off...and you will pay over $700.00 in interest.
If you have a $3,000.00 credit card balance at 15% interest and only pay the minimum, it will take you 18 years to pay it off. The interest would be over $3,000.00.
If you buy a pair of shoes for $100.00, paid just the minimum on your charge card, those shoes would cost you $500.00.
The average outstanding debt for credit cards is over $16,000.00.
If you have a $3,000.00 credit card balance at 15% interest and only pay the minimum, it will take you 18 years to pay it off. The interest would be over $3,000.00.
If you buy a pair of shoes for $100.00, paid just the minimum on your charge card, those shoes would cost you $500.00.
The average outstanding debt for credit cards is over $16,000.00.
No comments:
Post a Comment