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A Language Only Spoken By Lawyers - Fatal Facts Of Credit Cards

Minimum payments are deliberately set so low theyu2019re virtually the same as u201cinterest-onlyu201d payments. Thatu2019s why it takes forever to pay off your balance because all youu2019re doing is servicing the interest payments. On top of that, the interest rates you pay are ridiculously high. When you make a minimum payment of $85, your balance only comes down by something like $6. Virtually ALL your payment goes to interest. Even with bare-bones low-rate cards, your balance is mostly the same because they lower their minimum payment and interest rates.

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A Language Only Spoken By Lawyers - Fatal Facts Of Credit Cards

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  1. A Language Only Spoken By Lawyers Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 Fatal Facts Of Credit Cards www.mortgagedeliveryguy.ca

  2. A Language Only Spoken By Lawyers Minimum payments are deliberately set so low they’re virtually the same as “interest-only” payments. That’s why it takes forever to pay off your balance because all you’re doing is servicing the interest payments. On top of that, the interest rates you pay are ridiculously high. When you make a minimum payment of $85, your balance only comes down by something like $6. Virtually ALL your payment goes to interest. Even with bare- bones low-rate cards, your balance is mostly the same because they lower their minimum payment and interest rates. www.mortgagedeliveryguy.ca

  3. A Language Only Spoken By Lawyers Let’s face it, making smaller payments isn’t get you out of debt faster. It would be best if you had a financial strategy that would free up enough cash to make bigger payments so you can get out of debt once and for all. Let’s say you owe $2,000 on a card with 19% interest and a 2% minimum payment. Making minimum payments will take you 22+ years to pay off the debt. This will cost you nearly $4,800 in interest. But if you made 4% payments instead, you’d pay off the debt in only seven years and save about $3,700! www.mortgagedeliveryguy.ca

  4. A Language Only Spoken By Lawyers THANK YOU www.mortgagedeliveryguy.ca

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